Environmental game changers lead the way amongst Entrepreneurs’ Programme grant recipients
SOURCE: Business.gov.au
Tasmanian-based environmental start-up Sea Forest has been awarded a share in over $4 million of grant funding to commercialise their innovative seaweed farming project under the Entrepreneurs’ Programme.
Pioneering Aussie businesses, Monsoon Aquatics and Sea Forest are proving life is better down where it’s wetter, developing leading-edge innovations for a lasting environmental impact under the sea and above.
The ocean-based organisations are two of the Aussie businesses to share in over $4 million of grant funding from the Entrepreneurs’ Programme.
Sydney-based environmental start-up Sea Forest is showing seaweed is not only for wrapping your California sushi roll. Instead, when used as an additive in livestock feed, it has been proven to reduce methane emissions by more than 99%.
Sea Forest has designed an inventive method for farming the unique asparagopsis algae. Native to Australian coastal waters, asparagopsis rich in a compound called bromoform which has been proven to have profound effects on emissions and even result in faster growing and healthier livestock.
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We have the potential to create a really significant emissions reduction, which is really exciting.Sam Elsom, CEO of Sea Forest
CEO Sam Elsom leads a team of scientists/climate change warriors, aiming for Sea Forest to be the first company in the world to cultivate asparagopsis at commercial scale. With the support of its Accelerating Commercialisation grant, it will soon be able to supply commercial quantities of the product and in turn change the face of the billion dollar livestock industry in Australia and overseas.