aquaconnect: Aquaconnect signs MoU with StartupTN to promote blue economy initiatives

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Aquaconnect, an aquaculture technology platform has signed a Memorandum of Understanding (MoU) with StartupTN to promote blue economy initiatives in the state.

“Aquaconnect in collaboration with StartupTN, backed by the Tamil Nadu government and Sathyabama University – Technology Business Incubator (Incubation Partner), launched ‘The Fish Tank’, India’s Aquaculture Innovation Challenge, at the Tamil Nadu Global Investors Meet on January 7, 2024,” said Aquaconnect in a media release.

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The Fish Tank aims to promote innovation in the Indian aquaculture sector by providing a platform for early-stage startups and college students to showcase their ideas to the world.

“The program will cover broader aspects of the aquaculture value chain in both pre & post-harvest value chain wherein applicants can propose ideas related to affordable IoT/Software based solutions to monitor water quality, daily feeding, animal health, biotechnological advancements to improve production efficiency, seafood processing, preservation, and value addition amongst others,” said Acquaconnect.

Sivarajah Ramanathan, mission director and CEO of StartupTN, “StartupTN’s Blue economy forum is first of its kind professional network to promote collaborative efforts between government initiatives, academia, and industry players which will drive a transformative growth, for making Tamil Nadu a hub for seafood-focused startups. I invite all aspiring entrepreneurs, and early-stage startups to solve the challenges of “Fish Tank” and contribute to the blue economy of the state.”

Rajamanohar Somasundaram, founder and CEO, Aquaconnect, said, “Being the second largest producer globally, India’s aquaculture sector holds enormous potential, and it needs wider participation from forward-thinking individuals. I believe FishTank will be a pivotal step in fostering young entrepreneurship and unlocking the doors for incredible talent in Tamil Nadu.”

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“The top ten candidates will have an opportunity to participate in the incubation program at Sathyabama TBI with access to resources and mentorship support while also gaining access to StartupTN’s blue economy network, which encompasses fisheries research and development institutes, academic institutions, and their facilities across the state,” the release said.According to Aquaconnect, it is a full-stack aquaculture platform that enables access to farm advisory, farm inputs, and post-harvest market linkage through its retail partners (Aqua Partners) and a network of seafood buyers.

“Aquaconnect is supported by investments from Omnivore Partners, Hatch Accelerator, Flourish Ventures, Rebright Partners, Agfunder, Lok Capital, LDC, Suneight Investments, and 6G Capital,” the company informed.

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