NORA (Nordic Atlantic Cooperation) is an intergovernmental organization under the Nordic Council of Ministers. The NORA region includes the Faroe Islands, Greenland, Iceland, and Coastal Norway (the 9 coastal counties of Norway, from Finnmark in the north to Rogaland in the south). The NORA countries are associated by their geographical location and by shared characteristics, common challenges and historical, institutional and cultural links. NORA’s goal is to contribute to the creation of a vital and dynamic North Atlantic region, characterized by a strong and sustainable economy. To reach this goal, NORA supports collaboration between businesses and research and development organizations in the region. NORA’s main objectives and focus areas are set out in NORA's strategic programme.

Matís is an independent research institute which strives toward innovation in the food industry, biotechnology and food security. Matís provides consultancy and services to companies in fisheries and agriculture as well as governmental agencies. The division of Biotechnology and biomolecules pursues research on biosubstances and developments in biotechnology. The research involves working with biosubstances, bioactive substances and enzymes, with the goal of producing marketable products. The division's research on bioactive substances is particularly focused on the ocean and what it yields. Bioactive substances are found in algae, fish byproducts, etc., but the division's technical knowledge is also utilized for processing bioactive substances from organisms, such as sea cucumbers and sharks. When bioactive substances are found, their composition is analyzed and experiments are performed to test their activity on animals. Finally, ways are found to isolate the substances and put them into marketable form. The role of Matís in Algae-Bluetech is to analyse samples of cultivated macro-algae for bioactive compounds.

Fiskaaling (The Aquaculture Research Station) is the only company of its kind on the Faroe Islands working exclusively with research and development within aquaculture.  The company emphasises researching within fish and animals that are, or can become, commercially interesting to the Faroes. The vision is to create an international research community that will expand the knowledge base through research and development for the purpose of further increasing quality in aquaculture. The research efforts are organised into the following three fields: Technology and environment, production development and bio-technology.  The Department of R & D in production has for many years worked within in different marine species. The facility in Nesvík has good facilities for production of natural feed organisms like algae/copepods as well as reared rotifers and Artemia. Optimisation of cultures of natural feed organisms in seawater pond systems have been in focus in recent years. Fiskaaling co-operates with the industry, veterinarians, feed producers and research institutions both local and abroad in the various projects.

Danish Technological Institute is a Danish service institution. The section of biomass holds expertise in biomass handling, harvesting, pretreatment, drying, extrusion, pelletizing, liquid bio fuels and enzymatic hydrolysis. The section has a pilot plant with facilities for gently drying larger amount of biomass. The section of biomass have in the last five years participated in one EU project and two Danish projects regarding macroalgae.

The University of Tromsø has approximately 2400 employees and 9000 students. The Norwegian College of Fisheries Science is an institute at the Faculty of Biology, Fisheries and Economics which educate students and carry out research within marine biotechnology, seafood science, resource biology and other curricular disciplines. The participating scientists from UIT have expertise within the research area "seafood and health", i.e. identifying and evaluating the health benefits of marine derived components. The project will utilise the Mabcent high-throughput screening platform, which is designed to uncover unique and high-value bioactive components using carefully selected assays. Furthermore, the beneficial effects of components will be evaluated and validated using various assays and in-vitro techniques, particularly for components displaying antioxidative, anti-inflammatory and antihypertensive properties. Characterization of seaweeds and fractions thereof is also an integral part of the UITs activity.


Derculich Ltd is a Scottish registered private limited company.  The business is headquartered in Aberdeen, Scotland.  Derculich was established by its shareholders to provide an investment vehicle in emerging small to medium enterprise businesses, primarily in the renewable energy sector. Derculich tends to be “hands on” in its investee companies, where required, providing direct business support to the operations and strategic input and governance at board level. Derculich currently holds equity positions in a variety of businesses in the renewable heat and power sector in the UK and in energy sector in the UK and Australia.  Derculich’s owners are experienced individuals with extensive business backgrounds.