п»їHow we ventured into the mega-billion industry of seaweed farming.
The company was started in September 2022 . Since then, we have successfully acquired seed capital from BFA Global to support our proof of concept assignment in Kibuyuni, Kwale County, Kenya. This company was started during the TECA fellowship which brought together different climate change enthusiasts to develop start-ups with innovative solutions to issues around the blue economy. For example, the lack of market access for seaweed farmers is a huge challenge that we seek to address.
Prior to starting this business, I had the opportunity to study in Sweden where I was introduced to the seaweed industry. Seaweed is increasingly recognised as a multifaceted nature-based solution, with growing research pointing to its many benefits in terms of carbon sequestration, coastal protection, and as a nature-positive alternative to agriculture and fishing. Seaweed farming employs about 6 million smallholder farmers, with a $15 billion market value and an annual growth rate of 7 to 10 percent.
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