Blue Bioeconomy

Blue Bioeconomy

Maine’s blue bioeconomy aims to transform waste into revenue and play an important role in future global challenges.

The blue bioeconomy is an emerging and innovative industry sector dedicated to improved use of aquatic resources – such as seaweed, algae, and microorganisms – for economic growth. With a focus on sustainability, the blue bioeconomy relies on renewable aquatic resources to deliver a wide variety of products including nutraceuticals, pharmaceuticals, biobased materials, and even energy. Discovering new ways to utilize all components of aquatic resources and develop higher-value products helps Maine coastal communities create sustainable economic growth and local jobs for future generations.

60% of farmed edible seaweed in the US comes from Maine

Maine’s aquaculture exports could be worth $800 million by 2025

Farmed seaweed contributed $13.4 million to Maine’s economy in 2019

First aquaculture apprenticeship program in US launches in Maine

Maine aquaculture is among the most diverse sea farming sectors in the nation. In response to the growing industry, workforce development has become a primary focus.  An apprenticeship program that is the first of its kind in the US will begin in 2023.

Entrepreneurship in the Blue Economy

Video series highlights several entrepreneurs who are leading the charge in areas of innovation directly supported through Gulf of Maine Ventures

Blue Economy Facilities Resource Map

To help startups find and connect with the R&D facilities or content area expertise to jumpstart the next phase of their growth and connect the robust network of partners, industry resources, and supportive services 

Maine's Role in the Future of the Global Seaweed Industry

Experts discuss top issues, from seaweed’s role in climate action to innovations and uses of seaweed as food, fuel, and other products on Maine Calling

Panelists:
Nichole Price, Bigelow Lab for Ocean Sciences
Jaclyn Robidoux, Maine Sea Grant, University of Maine

VIP Callers:
Job SchipperSWD Connectors, a seaweed consultancy based in The Netherlands
Jesse Baines, Atlantic Sea Farms
Jessica Chalmers, Everything Seaweed
Mitchell Lench, Ocean’s Balance

Bold Science for Our Blue Planet

Seagriculture USA 2022

MITC’s Maine North Atlantic Development Office (MENADO) coordinated hosting the first Seagriculture USA 2022 in Portland, ME. Lead sponsorship was provided by DECD, MTI, MITC, and MENADO, along with support from Atlantic Sea Farms, North American Kelp, New England Ocean Cluster, Live & Work in Maine, and FocusMaine. The event included best practices in harvesting, value creation, and policy innovations to support the growth of the seaweed industry.

A sold-out event with nearly 300 registrants from 18 countries and 14 states representing 172 businesses, international delegates traveled from as far away as Australia and New Zealand. Over 100 Maine harvesters, institutional researchers, and businesses participated.

Conference organizer DLG Benelux has confirmed they will hold the event in Maine again in 2023.

“The Seagriculture USA conference brought together a great mix of seaweed experts across the global seaweed community to gather, listen, and learn about the future of this industry and what need to do collectively to get there.”
Katie Weiler, Founder & CEO, Viable Gear (Portland, ME)

“All-in-all, it was an amazing event and one that we hope to be a part of every year! Even though it wasn’t going to be a high ROI for participating, it was very important for us to be there and be seen as one of the only wild harvesting operations in the USA. It was wonderful to hear more about the research happening and to network with individuals and companies invested in seaweeds.”
– Samantha DeGroff, Marketing & Project Coordinator, North American Kelp (Waldoboro, ME)

Financial Assistance

Financial Assistance for Exporters

STEP Financial Assistance Award

Up to $20,000 per year for eligible Maine companies to support fees for legal/marketing/tax consultants, trade show participation, e-commerce and digital marketing, and other activities for overseas market entry or expansion

Industry Support

Creative, cutting-edge science fusing the best of scientific inquiry and entrepreneurial ingenuity

Interdisciplinary approach combines world-class marine research with robust community and education programming to understand how natural, social, and economic systems interact

Business development and impact investment arm of the Gulf of Maine Research Institute to bridge the gap between innovative, blue economy businesses and the capital, technical
knowledge, and networks needed to help them grow

Works to sustain Maine‘s island and coastal communities and exchanges ideas and experiences to further the sustainability of communities here and elsewhere

Non-profit trade association that represents the Maine aquaculture industry at the state, federal, and international levels

In partnership with University of Maine Cooperative Extension, sponsor scientific research and develop tomorrow’s marine workforce

Private-sector, membership-based entity to connect people within the ocean economy and encourage an innovative and sustainable approach to realizing economic opportunity

Leading food research institute that conducts research and development for the aquaculture, fishing, and food industry sectors

In direct response to a gap in industry support identified by aquaculture business owners, a space for Maine’s thriving aquaculture community to share, learn, and grow with each other

In Good Company

International Investors

We’d love to hear from you to discuss your interest in this sector and Maine’s advantages.

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