In a strategic move that signals a paradigm shift in Bangladesh’s fisheries and aquaculture sector, Seaqua, the pioneering blue-tech startup, has successfully secured a substantial $600,000 Foreign Direct Investment (FDI) from influential Middle East investors.
Amirul Mostafa Arefeen, Founder & CEO of Seaqua, has a vision for climate-smart fisheries & aquaculture that takes center stage as Seaqua introduces an innovative value chain designed to minimize wastage and enhance efficiency at every juncture.
With a firm commitment to transparency, Seaqua leverages cutting-edge technology to eliminate traditional inefficiencies, empowering fisheries and aquaculture producers with a modern and dynamic approach.
Bangladesh makes an exceptional 3.61% contribution to its GDP, boasting a USD 600 million export market (as of 2022). The fisheries sector, standing alone, injects a staggering $9.42 billion into the national GDP, meeting 60% of the country’s annual protein needs and sustaining over 12% of the population.
Recognizing the immense potential within the market, Seaqua strategically confronts industry challenges head-on. Positioned as a pivotal player in this lucrative landscape, Seaqua’s forward-thinking approach aligns seamlessly with the global seafood market’s projected growth of $730 billion by 2030.
A standout feature of Seaqua’s tech-forward strategy is the integration of real-time catch records into its supply chain, a move set to revolutionize the market dynamics. Beyond providing retailers with accurate, up-to-the-minute information, Seaqua’s data-driven approach reshapes the seafood market by ensuring a constant flow of high-quality products with traceability.
In adherence to responsible business practices, Seaqua strongly emphasizes compliance, verifying adherence to fishing season regulations, authorized fishing areas, transshipment at sea guidelines, and social accountability standards. This commitment underscores Seaqua’s dedication to ethical operations, promoting sustainability within the industry, and supporting the communities it serves.
The recent injection of investments catalyzes Seaqua’s mission to revolutionize the industry environmentally and economically. Seaqua’s adoption of blockchain technology for traceability maps not only bridges blue finance gaps but ensures a verifiable commitment to compliance, offering a comprehensive solution to the challenges faced by the fisheries and aquaculture industry. The convergence of an efficient supply chain, real-time data integration, and rigorous compliance measures position Seaqua as a trailblazer in the tech-driven future of blue tech.