The Iceland Ocean Cluster’s mission is to create value and discover new opportunities by connecting entrepreneurs, businesses and knowledge in the marine industries.

The Iceland Ocean Cluster participates in the Startup Maine conference in Portland Maine.

 
On Thursday June 20th, Berta Danielsdottir, CEO of the Iceland Ocean Cluster, delivered a Keynote speech to a full room of entrepreneurs, academics, and industry leaders hungry to learn about the role that full utilization can play in growing Maine’s economy. Focusing on the Ocean Cluster model’s commitment to innovation through collaboration and community, Berta encouraged the audience to look to one another to often in the pursuit of new opportunities. Maine has a dramatically underutilized shellfish industry, as it processes millions of kilograms of lobsters, oysters, mussels, scallops, and clams, with a majority of the waste going to landfill. Our full utilization of the cod here in Iceland made for the perfect story to tell. 
 
Plans for the Iceland Ocean Cluster’s Participation in the 2019 Startup Maine conference began back in February when our sister cluster, the New England Ocean Cluster (NEOC) spoke with the event team Portland, Maine. Because of our growing relationship with the NEOC, and Maine’s deepening connection to Iceland and the High North, the event organizers thought it would be exciting to have a speaker from our region travel to Maine to engage with the business community. We are honored and thankful that Startup Maine chose to bring Berta into their programming and hope her being there encourages more interest in the Ocean Cluster platform. Our visit is also very nicely timed because the NEOC is planning to open their Hús on the Portland waterfront modeled after the one here in Reykjavik.
 
Startup Maine is a volunteer run organization that hosts an annual conference designed to bring regional entrepreneurs and startups together to learn, explore specific topics, and network with one another. This year’s even spanned 3 days and welcomed more than 300 guests to downtown Portland. More information on the event can be found here: https://www.startupmaine.org/
 
 
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New IOC visual description tells it all!

We are cooperators & we connect people within the seafood value chain; marine industry, entrepreneurs, government and academia.

The Ocean Cluster House is the magic formula for the cross pollination; connecting people with good design & coffee. 

We have spawned a number of successful companies through our incubator and accelerator. 

Our mission is to create more dynamism and modernization to the seafood industry worldwide. 

Our 100% fish utilization strategy aims to help fishermen to create more value with less catch.

We are born on an island which sees global warming everyday, with melting ice and the danger of “sour” seas. Our emphasis #1 is on sustainability and healing our oceans.

From Sea to Land: Increased Inland Processing of Groundfish in Iceland

Iceland Ocean Cluster and Arctica Finance are publishing new analysis about the inland processing of ground fish.

Ground fish processing in Iceland has increasingly moved from sea to land in recent years. This is evidenced by a change in the fishing fleet composition and landed catch. Since 2010, the number of freezer trawlers has decreased by 43% and the portion of landed cod by freezer trawlers has gone down by 9.5%. Furthermore, four wet fish trawlers have been added to the fleet and the fleet’s portion of landed cod has increased by 9%. This development in ground fish processing stems from several sources, but chiefly from the incentive of greater economic efficiency, viz. higher prices for fresh fish as well as lower labor costs (relative to revenue) and higher EBITDA of vertically integrated companies. Other major contributing factors in this progression include a resource tax and technological advancements.

To read the full analysis report, please press here.

For further information, please contact the authors Dr. Thor Sigfusson at thor@sjavarklasinn.is or Huni Johannesson at huni@arctica.is 

 

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