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#0497: The future demand for food - can aquaculture be the answer?

Gjest: Wayne Murphy

Co-Founder & COO

Hatch Aquaculture Accelerator

Med Vert Silvija Seres

Norway might have the most mature and complex aquaculture in the world but there are challenges facing startups in it today. In this episode of #LØRN Silvija talks with Co-Founder & COO of Hatch Aquaculture Accelerator, Wayne Murphy, about how a global accelerator works to find companies and help them grow fast and why you should never underestimate people skills. Wayne has managed a number of accelerator programs across different sectors including Selr8r, a sales focused accelerator run by SOSV, the Bank of Ireland Accelerator and StartPlanetNI, an accelerator project funded by InvestNI and Northern Ireland’s premier startup programme. He also serves as an Advisory Board Member at SXSW. 

Who are you and how did you become interested in this technology?
I have been developing and directing Accelerators for 10 years across a number of different verticals. My hobby since I was a kid has been breeding and maintaining tropical fish. When I met Carsten Krome, he was seeking to find a way to invest in Aquaculture startups but in a way that enables the investor to help shape scale and support early stage Aquaculture technologies.

What do you do at work?
I facilitate plans and direct the accelerator program arranging all mentor sessions site visits and tram engagements and development .

Why is it exciting?
The world of Aquaculture is at least 30 years behind agritech with lots of catch up so the potential and upside is enormous. But also sitting in a room full of entrepreneurs all trying to get somewhere and tryout my figure that out is pretty cool and bringing new thinking and technology to the industry is changing the status quo.

What do you think are the most interesting controversies?
The biology and environmental challenges are a never ending problem in the industry. Sea lice / disease / waste etc are all challenges across all species. Hatch does not invest in farming rather all the tech around it that can improve efficiency lessen environmental impact and eradicate/ manage disease .

Your own favourite projects?
All the hatch startup projects are cool.... I can’t have favourites!!

How do you usually explain what you do, in simplest terms? 
We find develop scale and invest in globally focused Aquaculture technologies and entrepreneurs through a network of global experts corporates and investors to enable our startups to access the right inputs at the right time

What do we do particularly well in Norway of this?  
Norway’s biggest assets is its ability to collaborate and share knowledge as it builds and maintains the worlds most mature complex experienced Aquaculture ecosystem

A favourite quote? 
You are the average of the 5 people you spend most time with


This what you will learn:

Farming food in the water  Accelerator programs  Algie Sustainability 
Norway’s biggest assets are its ability to collaborate and share knowledge as it builds and maintains the world's most mature complex experienced Aquaculture ecosystem.

- Wayne Murphy

Recommended literature:
David Rose on YouTube how to tell your story  ask the VC  https://www.hatch.blue/portfolio-index

This is Hatch Aquaculture Accelerator

Hatch was established in late 2017 by co-founders Carsten Krome, Georg Baunach and Wayne Murphy. Their vision is to achieve the least-possible footprint of farmed and alternative seafood. For the benefit of the oceans, terrestrial ecosystems and future generations. After two years in operation, HATCH has invested in more than 30 companies, run three successful cohorts, raised its first US $8M fund and established offices in Hawaii, Norway and Singapore.

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