MiAlgae Creates Fish Food for Farmers From Whiskey Waste
Justin Lam — June 8, 2018 — Eco
References: mialgae & thedrinksbusiness
Founded by former Edinburgh University student Douglas Martin, MiAlgae is a unique food company that makes fish food from whiskey waste. Founded in 2016, the company was developed on the idea of producing an "economically and environmentally-friendly fish feed to support Scottish fish farms." Current fish food pellets are comprised of fishmeal, fish oil, grains, soy and vitamins. The MiAlge formula does not stray too far from this formula but it does manage to replace the fishmeal and fish oil with microalgae collected from the by-products of whiskey waste.
MiAlgae has recently received a £500,000 investment from Equity Gap, the Scottish Investment Bank and Old College Capita. This funding will aid MiAlge in growing immensely and will allow them to test their technology and fish food on a wider scale.
MiAlgae has recently received a £500,000 investment from Equity Gap, the Scottish Investment Bank and Old College Capita. This funding will aid MiAlge in growing immensely and will allow them to test their technology and fish food on a wider scale.
Trend Themes
1. Sustainable Fish Feed - MiAlgae's use of microalgae from whiskey waste to create fish food is a disruptive innovation opportunity in the sustainable fish feed industry.
2. Circular Economy - MiAlgae's utilization of whiskey waste as a resource for fish food demonstrates a disruptive innovation opportunity in the circular economy industry.
3. Alternative Protein - MiAlgae's production of fish food from microalgae presents a disruptive innovation opportunity in the alternative protein industry.
Industry Implications
1. Aquaculture - MiAlgae's whiskey waste fish food offers a disruptive innovation opportunity for the aquaculture industry.
2. Food and Beverage - MiAlgae's use of whiskey waste to create sustainable fish food presents a disruptive innovation opportunity for the food and beverage industry.
3. Sustainability - MiAlgae's approach of using microalgae from whiskey waste for fish food contributes to disruptive innovation opportunities in the sustainability industry.
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