Blue Carbon Innovation Studio
Together with Idemitsu, Hatch Blue is launching the Blue Carbon Innovation Studio, a first-of-its-kind innovation programme for early stage projects and companies with blue carbon technologies to develop their businesses further.
Blue carbon is the carbon stored in coastal and marine ecosystems such as mangroves, tidal marshes and seagrasses. Large quantities of carbon are sequestered in the plants and sediment in these ecosystems. Over 95% of the carbon in seagrass meadows is stored in the soils. Globally, 83% of the carbon in the world is circulated through the oceans. Though accounting for less than 2% of total ocean area, nearly half of carbon sequestered in ocean sediments are in coastal habitats.
An estimated 0.15-1.02 billion tons of carbon dioxide is released annually from degraded blue carbon ecosystems, equivalent to 19% of emissions from global tropical deforestation. Aside from carbon, coastal ecosystems also support water quality, healthy fisheries, and protect the coastline from inclement weather.
With the importance of blue carbon to the climate crisis, technological solutions are key to expedite the development of protection, monitoring, and expansion of such projects.
This programme will increase network-building and knowledge sharing to innovators in this field. It will also be a unique forum for multi-stakeholder interaction, featuring government agencies, climate-tech investors, NGOs, institutes of higher learning, financial institutions, and corporations. Each stakeholder will share their perspectives and validate emerging solutions against market realities. Moreover, the Innovation Studio will also be a platform for them to attract more stakeholders to develop the blue carbon space further.
Join the program to receive
Customer and industry discovery trips to partner farms and feedmills in Hawai’i, Norway, Singapore, and Vietnam.
On-hand marketing and design help.
Strategic advice, review of company business plan and financial model.
Join a community of 135+ ventures and entrepreneurs from previous accelerators and innovation studios for learning and collaboration.
Access to both cold AND warm water testing.
Exposure to our global network of investors, industry representatives, farmers, and first adopters built over the last decade.
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Our core offering
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Investment
We invest across the following sectors
Contact Us
For questions about current program please contact our team
FAQs
The application deadline is Friday 30 Aug, 2024; 5pm gmt.
The two-week Blue Carbon Innovation Studio runs from Nov 11th to 22nd, 2024.
Two weeks, full-time, 9-5:30pm, Mon-Fri.
Singapore. The Hive North Bridge Road, Level 9 Lounge.
There is no equity investment in the Blue Carbon Innovation Studio, however there is an opportunity to connect with Hatch Blueʻs investment team and other relevant investors within our network.
Funding support per team for all flight travel (up to €1000), accommodation (€150/night), and a per diem (€50/day). Should any team decide to send more than one participant per team, the additional cost of travel & accommodation will be borne by them.
Yes, you do need to be a registered entity upon application.
Yes, you are still eligible. Hatch Blue is unique as it is the world's leading aquaculture-focused accelerator, and can offer both business support and/or sector expertise depending on the startup's needs.
One participant at minimum.
Yes, full time attendance Monday to Friday is mandatory.
Yes, November 22nd will be the Blue Carbon Pitch Day.
If you are ready to take your business to the next step and we believe in your potential, Hatch Blue will continue to play a hands-on role assisting participants to navigate fundraising, business propositions, and, most important of all, finding customers.
Hatch Blue was conceived in late 2017 by co-founders Carsten Krome, Georg Baunach and Wayne Murphy, with the goal to revolutionise the way we produce seafood through investing in its technological development.
There is no specific requirement for you to disclose your confidential information (including any trade secrets) or IP during the program. However if you do wish to share any information with us, the Hatch Blue team will ensure that all information is kept totally confidential and will not be shared without your written permission.
The Innovation Studio is more appropriate for a range of earlier stage projects and also scale-ups seeking new markets and networking opportunities. Such projects require further business development and more in-depth knowledge on the regional and global Blue Carbon industry.
The content of the sessions will be tailored for earlier stage projects that are seeking ways to either enter the blue carbon market from adjacent industries or commercialize technology beyond research institutes and institutes of higher learning.
The Innovation Studio takes place over a shorter duration - 2 weeks and thus there is less contact time with the Hatch Blue team compared to the Crest accelerator.
In the accelerator we invest via a SAFE note.
Program specific questions
Who is Idemitsu?
Idemitsu International Asia (IIA), an affiliate of Idemitsu Kosan, manages the energy trading business of the parent group with specialization in oil trading, bunkering, freight & hedging strategies, and energy transition products. As such it plays an integral role in the global petroleum business of Idemitsu group, the second largest refiner in Japan.
Why is Idemitsu a partner for the Blue Carbon Innovation Studio?
As Idemitsu works towards achieving carbon neutrality by 2050, its commitment extends beyond reducing CO2 emissions. Idemitsu recognizes the importance of developing technologies and initiatives that actively remove carbon from the atmosphere, achieving negative emissions. To this end, Idemitsu is focusing on blue carbon as a novel carbon absorption solution.