New analysis by the Iceland Ocean Cluster shows 150% increase in the number of blue startups in Iceland between 2011 and 2021. The analysis indicates growth in nutraceutical and various health products from the ocean, seaweed startups, food tech and other food related startups, fish farms and ocean environment. We need more marine biotechs but their numbers have not increased as much as we would have liked. Due to high demand for engineers among the few and fast growing food processing tech companies, it seems as number of startups in that field have slowed.
150% growth in startups
