Blue Economy startup ecosystem
We track 3 organisations in this sector across 2+ countries.
Showing 3 of 3 Blue Economy
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Iceland Ocean Cluster
The Iceland Ocean Cluster (Íslenska sjávarklasinn) is a marine-industry innovation hub founded in 2012 and located at Grandagarði 16 in Reykjavik's old harbour. It brings together over 70 companies spanning the full ocean value chain — from fisheries and aquaculture to seafood biotech and ocean technology — with the goal of maximising sustainable value from marine resources. The hub runs the 100% Fish programme and hosts events and cross-company collaboration projects.
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Indico Capital Partners
Indico Capital Partners is Portugal's first and leading independent early-stage venture firm, founded in Lisbon in 2017 by Stephan Morais and Ricardo Torgal (both ex-Caixa Capital) and Cristina Fonseca (co-founder of Talkdesk). Since its first fund close in 2019 it has built a >€244M multi-fund platform spanning six vehicles, including VC Fund I (€54M), an Acceleration Fund, an Opportunity Fund, the €50M Indico Blue ocean-economy fund, VC Fund II, and the newly launched VC Fund III (€125M target with a €30M EIF anchor, 2025). The firm invests from pre-seed to Series B with €100K–€10M cheques, focused on Portugal, Spain and Italy and the Southern European diaspora, across enterprise SaaS, AI, deep tech, fintech, cybersecurity, spacetech and the blue economy. Backed by the European Investment Fund, Banco Português de Fomento and Draper Esprit (now Molten), Indico bridges Southern Europe's talent to global capital. Its portfolio includes unicorns Anchorage Digital, Sword Health, TIER Mobility and Remote, with exits including Unbabel (TransPerfect, 2025) and Cargofive (cargo.one, 2026).
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Optitog
Optitog (Optitog ehf.) is a Reykjavik-based fishing gear technology company, headquartered at the Ocean Cluster House, developing the Virtual Trawl, a patented light-beam system that herds prawn off the seafloor with less than 0.5% bottom contact, replacing conventional trawl doors and ground gear. The technology reduces towing resistance and fuel consumption, cuts unwanted bycatch, and avoids seafloor habitat damage compared with conventional bottom trawling for prawn fisheries.
