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Sign upCoral Vita
Grows climate change resilient corals up to 50x faster to restore dying reefs
- About Company
Coral Vita
Grows climate change resilient corals up to 50x faster to restore dying reefs
Label Date
October 30, 2020
By
Coral Vita
From
Bahamas
Maturity stage
TRL 9 / CRI 2 - Commercial Trial Small Scale
One billion people and a quarter of all marine life depend on coral reefs, but half of the global reefs are dead and over 90% are on track to die by 2050. The solution consists of a land-based farm capable of potentially supplying an entire nation’s reefs with sufficient capital investment. Coral Vita innovative form of high-tech coral farming supports a for-profit business model to sustain large-scale restoration. Given reefs’ tremendous value, the technology favours the transition of the restoration space into a commercial industry. Implemented restoration projects directly benefit communities by sustaining biodiversity, increasing fish stocks, protecting shorelines from storm surges, boosting tourism, and creating jobs.
The Environmental Benefits
- •Growing corals up to 50x faster than natural rates
- •Improving the state of natural ecosystems - 25% of marine life depends on reefs.
The Financial Benefits
- • Stakeholders that depend on the tourism, fisheries, and coastal protection value of reefs can continue benefiting can obtain more impactful and affordable restoration through Coral Vita's solution.
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Company Profile
Coral Vita
Coral Vita grows resilient corals up to 50x faster to restore dying reefs. 2021 Revive Our Oceans Earthshot Prize winner
Headquarters
HC5P+23 Freeport, The Bahamas
Type
Startup or self-employed
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The information set out above, is solely for the purposes of information and the Solar Impulse Foundation does not provide any guarantee as to its authenticity, completeness or accuracy. This information does not constitute investment advice or a recommendation to buy into, transact or to enter into any agreement with any of the parties or persons mentioned above. Potential investors or interested parties are solely responsible for their investment or business decisions and for performing any due diligence required by the circumstances. The innovator Coral Vita has asserted ownership of the intellectual property rights for images, videos, and content showcased above, affirming full and unrestricted usage rights, and has provided explicit permission for the Solar Impulse Foundation to publish such information designated as "public" in the application form.