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"Aquaculture, not the Internet, represents the most promising investment opportunity of the 21st Century."

- Peter Drucker, Management Expert & Economist


Israeli company receives funds from Horizon2020 - to futher develop off-shore netcage fishfarming system

An Israeli company specializing in fish farming in the open ocean has received funding from the EU's Horizon 2020 program, reported World Fishing.

SUBflex claims to have designed the largest offshore net cage system in the world, with a current production capacity of 1,000 tons, developed in collaboration with the Technion University, Israel's leading Institute of Technology.

The system is known for its unique ability to rotate 360 degrees, minimizing aquatic pollution in the seabed by dispersing the excess fish feed and waste. The system is also able to fully submerge in as little as nine minutes, protecting the cages and fish from strong currents and harsh weather. Additional features are being added to automate and reduce manpower and costs.

The farm, located in the Mediterranean, will raise sea bream initially, but a wide variety of species will be tested. By 2017, SUBflex plans to expand its operations to the Pacific Ocean through its partnership with a Chinese government institution, and expected production will reach 2,500 tons per year.

'We are very excited to have been selected for Phase 2 of Horizon 2020,' said SUBflex's CEO, Josef Melchner.

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