The tuna farm, which is currently in contruction, is one of the most ambitious projects by the Spanish aquaculture sector. (Photo: Blue Futuna/FIS)
Investment of EUR 2 million for tuna farming centre
Tuesday, November 23, 2010, 22:50 (GMT + 9)
Futuna Blue España will receive EUR 2 million in venture capital funding from Innotec Desarrollo FCR, in order to build the first national center for farming of bluefin tuna (Thunnus thynnus) in captivity.
This farm, located in El Puerto de Santa Maria, will be the first farm in the world to develop the complete cycle of industrial-scale tuna.
The aquaculture center, which has already begun to be contructed, is one of the most ambitious projects by the Spanish aquaculture sector which will contribute significantly to the preservation of wild populations of this species, which is among the most threatened in the world.
The company plans to complete the build by March 2011, when they will plan to comkplete a transitional production of turbot, until they are ready to begin the first production of juvenile bluefin tuna.
Futuna Blue España is mostly made up of a group of foreign investors from Australia, U.S., Denmark and Spain, and is led by Scandinavians biologists who have a history of succeeding in this field.
The company, which receives funding from both Support Fund Diversification of the Fisheries and Aquaculture Sector, through the Ministry of Environment, Rural and Marine Affairs (MARM), and the Centre for Development of Industrial Technology (CDTI), which was formed in September at the Commercial Basin of El Puerto de Santa Maria of the Port Authority of the Bay of Cadiz.
For its part, the Innotec venture capital fund was established in March 2009 with a budget of EUR 10 million. It involves the Investment and Capital Risk Management of Andalucía (Invercaria) and venture capitalists Banesto Enisa Sepi Desarrollo FCR.
The main objective of Innotec Desarrollo F.C.R is investing in projects by Andalusian SMEs who base their strategy on innovation and internationalization.
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By Silvina Corniola