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Sign upCoral Vita
Grows climate change resilient corals up to 50x faster to restore dying reefs
01.
Identification
Coral Vita’s land-based farms integrate new methods developed by our advisors to accelerate coral growth up to 50x (microfragmenting) while enhancing their resiliency to warming and acidifying oceans (assisted evolution).
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.
Sector
Application
Target client profile
Tags
Label Date
October 2020
By
Coral Vita
From
Bahamas
Maturity stage
Initial market commercialization
Looking For
Network, New clients, Visibility, Funding, Partners, Credibility
Sectors - Value chain - Application
Sectors
Applications
Design, Power & Produce
Package & Distribute
Use & Efficiency
Valorize & Restore
Value Chain Steps
- Video
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- Images
02.
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.
03.
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.
05.
Labeled Solutions in the news!
Coral Vita Raises US$2M To Expand Its Coral Reef Restoration Technology
Verizon Climate Resilience Prize winners receive $500k to scale climate solutions
The Verizon Climate Resilience Prize was awarded to the three winners in each prize category: next-gen tech solutions, frontline community-led solutions, and nature-based solutions. The Prize was announced at GreenBiz’s VERGE 21 Conference in October, and applications were evaluated by a panel of industry and subject matter experts.
UAE's DP World commits £1 million to Prince William foundation's Earthshot Prize finalists
This Company’s Adoption Program Lets You Foster A Baby Coral In The Bahamas
Coral Vita cultivates $2M seed to take its reef restoration mission global
Coral Vita Wins Earthshot Prize
Coral Vita is the world's first commercial land-based coral farming company for reef restoration. The Bahamas-based Coral Vita aims to grow coral species that are resilient to changing ocean conditions. The company hopes its methods could potentially supply coral for an entire country with just a single farm.
This company wants to grow billions of corals each year - on land
Coral Vita is the first land-based commercial coral farm in Freeport, Grand Bahamas. They grow 24 different types of indigenous coral, 50 times faster than in the wild. They breed the coral so that it is more resistant to the effects of climate change. Coral Vita’s innovative approach to coral farming was awarded one of the first-ever Earthshot Prizes.
Tech to rebuild the world’s reefs…
NEXUS Launches Impact Accelerator
06.
Company Profile
Headquarters
HC5P+23 Freeport, The Bahamas
07.
Related Topics
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Complementary solutions
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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.
