‍Introduction:

Sea Forest, a sustainable kelp farming company based on Vancouver Island, engaged ClimateDoor to help expand their market reach and establish new partnerships. By securing funding and building strategic relationships in North America and Asia, ClimateDoor has positioned Sea Forest to become a leading supplier of kelp-based food and agricultural products.‍

Goal/Opportunity:

To secure grant funding, build partnerships with buyers in Asia, and establish a joint venture with First Nations for seafood processing, creating a foundation for long-term growth in the sustainable aquaculture sector.‍

Challenge:

Sea Forest needed financial support, international market access, and strong partnerships to scale its operations sustainably. In addition, they required guidance in developing a business model for capital raising and operational support to meet their growth targets effectively.

Solution:‍

1. Grant Funding Secured: Won $240,000 from a national aquaculture grant agency and $40,000 in market development funding to support growth.

2. Market Entry and Partnerships: Conducted market research and established connections with buyers in Japan and Singapore, opening up valuable new channels for Sea Forest products.

3. First Nations Joint Venture: Negotiated a Memorandum of Understanding (MOU) for a joint venture with a First Nation to develop a seafood processing and export business, supporting community engagement.

4. Business Model Development: Developed a scalable business model and conducted a company valuation to prepare Sea Forest for future capital raises.

5. Operational Scaling: Provided hands-on operational support to increase production capacity and streamline logistics.

Execution and Metrics:

• Funding Secured: $280,000 in aquaculture and market development grants

• Market Expansion: Partnerships established with buyers in Japan and Singapore

• Indigenous Partnerships: MOU signed with a First Nation for seafood processing

Results:

• Revenue Potential: $240,000+ from new partnerships in Japan and Singapore

• Community Engagement: Joint venture agreement established, supporting economic growth

• Operational Impact: Increased production capacity and market readiness for future scaling

Conclusion:

Through ClimateDoor’s strategic and operational support, Sea Forest is well-positioned to expand its market reach, secure future funding, and grow sustainably within the aquaculture industry. With new partnerships in Asia, strong community connections with First Nations, and a robust business model, Sea Forest is set for continued growth and positive environmental impact in sustainable aquaculture.

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