Ocean Action Hub

21 Jan 2020 - Turning sargassum seaweed into bioplastic and fish offal into fuel are among four industry startups to receive backing from UNDP.

The ventures were unveiled at a UNDP blue economy accelerator lab’s Blue Tank session at UN House, where eight innovators pitched their concepts to a panel of judges who provided feedback.

In the end, four of them were selected for “blue lab funding”.

The quartet of startups selected receive funding of up to $30,000 (US$15,000), were Bio Plastic Creation, focusing on making biodegradable products from sargassum seaweed and cassava starch; Bajan Digital Creations Inc. which focused on coral reef mapping using underwater drones; Ten Habitat, which focused on developing a traceable fisheries brand; and NRG, which will develop biogas and fuel from fish offal. 

The blue lab is part of 60 UNDP global accelerator labs working to reimagine development in several areas for the 21st century, according to UNDP officials.

The lab for Barbados is focused on the blue economy and is aimed at supporting innovative solutions to some of the problems.

CONTINUE READING ONLINE HERE: https://barbadostoday.bb/2020/01/16/blue-economy-biz-startups-unveiled/

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Publication date: 
Publication Organisation: 
Barbados Today
Thematic Area: 
The Blue Economy