Food & Drink International - Fall 2017 - 90

s

SERVICES &
SUPPLIERS

InnovaSea Systems Inc.

A Rising Tide

InnovaSea is poised to help aquaculture meet the growing global demand for
seafood protein. By Chris Kelsch
company profile
InnovaSea Systems Inc.
www.innovasea.com
Headquarters: Boston
Employees: 50
Specialty: Aquaculture products
David Kelly, CEO and CTO: "We are
currently developing technology and
methods that minimize human effort."

>> InnovaSea is dedicated to developing the next generation of technology for open ocean aquaculture.

A

quaculture, or fish farm-

ing, is really nothing
new. Some studies have
found early evidence of
fish farming in China as far back as
3500 B.C. However, looking at today's worldwide population trends, it
is easy to see why a company like InnovaSea Systems could have a very
bright future.
The world's population is expected to rise dramatically this century.
According to projections from the
U.S. Census Bureau, the earth's population could possibly go from 7.3

90

food & drink international * fall 2017 * www.fooddrink-magazine.com

billion people in 2015 to 9.4 billion
in 2050. Adding to that trend, the demand per-person for protein is also
rising as people become more affluent throughout the world. David Kelly,
chief executive officer and chief technology officer of InnovaSea Systems
Inc., a company that specializes in
aquaculture products, is very aware
of these trends.
"The middle class keeps growing,
particularly in the Third World," Kelly
says. "This results in increased demand for protein, and with it, fish."
Equally important, Kelly notes that

this increased demand is being met
more often by aquaculture. As technology has evolved, less seafood demand is being met by wildlife capture.
"If you look at the growth in seafood
consumption over the last 20 years,"
Kelly notes, "you see that it really has
been steadily met by an increase in
aquaculture. Around 2015, we finally
reached 50 percent of consumption
being met by aquaculture."
Needless to say, there has been a
significant increase in aquaculture
companies to meet growing demand
in recent years. To serve the needs
of those companies, Cuna del Mar,
an investment fund focused on open
ocean aquaculture, recently invested
$15 million in Boston-based InnovaSea, which develops all-inclusive systems for open ocean fish farming.

Strong Start
InnovaSea itself was created in 2015
from the merger of two companies
already in Cuna del Mar's portfolio:
Maine's Ocean Farm Technologies
Inc. and Seattle-based OceanSpar.
The company is dedicated to developing the next generation of technology for open ocean aquaculture.


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Table of Contents for the Digital Edition of Food & Drink International - Fall 2017

Contents
Food & Drink International - Fall 2017 - Cover1
Food & Drink International - Fall 2017 - Cover2
Food & Drink International - Fall 2017 - 1
Food & Drink International - Fall 2017 - Contents
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Food & Drink International - Fall 2017 - Cover3
Food & Drink International - Fall 2017 - Cover4
http://www.nxtbook.com/nxtbooks/knighthouse/fd_vol19_issue4a
http://www.nxtbook.com/nxtbooks/knighthouse/fd_vol19_issue3
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http://www.nxtbook.com/nxtbooks/knighthouse/fd_vol19_issue3A
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http://www.nxtbook.com/nxtbooks/knighthouse/fd_vol19_issue2b
http://www.nxtbook.com/nxtbooks/knighthouse/fd_vol19_issue2a
http://www.nxtbook.com/nxtbooks/knighthouse/fd_vol19_issue1
http://www.nxtbook.com/nxtbooks/knighthouse/fd_vol19_issue1a
http://www.nxtbook.com/nxtbooks/knighthouse/youngsmarketco
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http://www.nxtbook.com/nxtbooks/knighthouse/fd_vol18_issue2_2
http://www.nxtbook.com/nxtbooks/knighthouse/fd_vol18_issue2
http://www.nxtbook.com/nxtbooks/knighthouse/fd_vol18_issue1
http://www.nxtbook.com/nxtbooks/knighthouse/fd_2017winter_v2
http://www.nxtbook.com/nxtbooks/knighthouse/fd_2017winter
http://www.nxtbook.com/nxtbooks/knighthouse/fd_2017fall
http://www.nxtbook.com/nxtbooks/knighthouse/fd_2017summer
http://www.nxtbook.com/nxtbooks/knighthouse/fd_2017springvol2
http://www.nxtbook.com/nxtbooks/knighthouse/fd_2017springvol1
http://www.nxtbook.com/nxtbooks/knighthouse/fd_2016wintervol2
http://www.nxtbook.com/nxtbooks/knighthouse/fd_2016wintervol1
http://www.nxtbook.com/nxtbooks/knighthouse/fd_2016fall
http://www.nxtbook.com/nxtbooks/knighthouse/fd_2016summer
http://www.nxtbook.com/nxtbooks/phoenix/fd_2016spring
http://www.nxtbook.com/nxtbooks/phoenix/fd_2015winter
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http://www.nxtbook.com/nxtbooks/phoenix/fd_2014winter
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http://www.nxtbook.com/nxtbooks/phoenix/fd_2012fallwinter
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http://www.nxtbook.com/nxtbooks/phoenix/fd_2011fall
http://www.nxtbook.com/nxtbooks/businessmedia/fd_20110708
http://www.nxtbook.com/nxtbooks/businessmedia/fd_20110506
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