Blue Ocean Ventures Commits to Bio-Technology Startup SHRMP.bio

(Image credit: SHRMP.bio)

Venture studio Blue Ocean Ventures has announced that it will continue supporting its first development project, SHRMP.bio, a biotech startup that aims to revolutionize seafood manufacturing using modern technology. The startup has made significant progress since its launch in February 2024 and has garnered attention by participating in Australian incubator programs run by Startmate and the National Agriculture and Food Incubator.

SHRMP.bio, through a fusion of molecular biology, industrial bioprocessing, and automation with the latest aquafarming approaches, has the potential to overcome current production challenges and move seafood production into urban or industrial areas close to markets. This would minimize land use, simplify supply chains, and shift seafood production away from areas severely exposed to climate risks. Blue Ocean Ventures believes that high-tech Aquaculture presents a significant business opportunity to tackle future food production and nutrition challenges brought forth by population growth and climate change. This perspective was well-received by the participants of AquaFarm 2024, Australia’s premier industry conference, held on the Gold Coast in May 2024.

SHRMP.bio is aiming to seize this opportunity.

As a small first step on their journey, SHRMP.bio received the Public Choice Award at a pitch night run by Australian innovation powerhouse Startmate. This has opened doors for the company to now join the new Buildmate program. At the start of Buildmate, Blue Ocean Ventures’ Dr. Lichtfuss will also join SHRMP.bio full-time to advance the company further.

SHRMP.bio’s journey can be followed on their website http://thefutureofseafood.com and the company’s LinkedIn page https://www.linkedin.com/company/futureofseafood.

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