BioFishency’s cost-effective, all-in-one water treatment system for land-based aquaculture costs a fraction of the cost of high-end water treatment systems.
BioFishency’s all-in-one water treatment system operates with all different aquaculture methods and enables fish growers to upgrade their existing facilities while using installed infrastructure and working methods.
The system requires minimal infrastructure and expertise. It enhances water conditions, enabling more feed for increasing fish production with minimal investment.
The proprietary substrate used in the system can be sold as a stand-alone product for a range of water treatment applications.
Founded: March 2013
Stage: Revenue; BioFishency units operating in China, Indonesia, the Congo, Bangladesh, India, Singapore, Israel, others; distribution agreements (Bangladesh, India, Taiwan, China); cooperation with several strategic partners
Investor: The Trendlines Group
IP: Patent in national phase
Around the world, the demand for fish is increasing, while the supply from the sea and natural fisheries has stagnated. Aquaculture, the farming of aquatic organisms for profit, is becoming an increasingly important source of animal protein. Yet, with the limited availability of land and water, the only way for aquaculture to meet the growing demand is intensification: producing more fish per unit of area and water.
Technologies that improve water quality are required for intensification. Current water treatment systems support high fish densities; but are complex and very expensive, making them accessible to only the small segment of high-end growers. Most aquaculture production still takes place in developing countries in extensive growing systems (e.g., ponds and reservoirs) with no technology. Even doubling the production capacity of these systems would significantly increase farmer incomes and contribute to food security. The challenge is to develop cost-effective technology for this under-served market.
Aquaculture is the fastest-growing sector in animal protein production: 66.5 million tons worldwide with a market value of $135 billion in 2012 (Transparency Market Research). The FAO estimates that production must increase to 50 million tons by 2030 to meet global demand. BioFishency will initially target the freshwater and brackish fish production segments, which together account for around 67% of the world’s aquaculture fish production by volume and 67% by value (Transparency Market Research).
CTO Igal Magen interviewed on ILTV.
CTO Igal Magen presents at Trendlines 7th Annual Showcase in 2017.
See the company 1-page description in Chinese (PDF).
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