Projects

Oysterworld II

100% Confirmed Amount = € 150.000,00
Reserved Amount = € 0,00
€ 150.000,00
100% Funded
2 yr

term

5.2%

a year

6 mth

grace period

monthly

instalment

B-

rating

blue_economy

Blue economy

8. Decent Work and Economic Growth

SDG 8. Decent Work and Economic Growth

Equipment for sustainable oyster production in Portugal.

Impact

The oyster extraction sector is mainly settled in traditional techniques and intensive labour and that is why Oysterworld, which positions itself as one of the most innovative in the sector in Portugal, is looking to use new technological methods which, not only will assure its competitiveness in a growing market, but also ensure better work conditions and a better product.

This project has a very positive social and environmental impact contributing to:

  • Sustainable production and consumption: Oyster farming has a positive impact in the marine environment, as it improves water quality by acting as a filter (a single oyster filters on average 55 litres of water a day), it reduces the need for extractive fishing and it does not interfere with the natural stocks.

  • Gender equality: the fishing labour sector is mainly occupied by men. This is mainly due to the low level of mechanization and automation that requires the use of strength. This project opens doors for hiring women. In fact, 50% of Oysterworld’s current employees are women.

  • Better working conditions: the tasks required for oyster production are physically challenging, often leading to injuries, skin burns, other wounds or physical exhaustion. The improvements brought by this technique will reduce the employees’ physical exhaustion, increasing their productivity. Also, the company pays salaries above the average within the sector.

  • Community sustainability: the people in the surrounding communities mostly work in seasonal jobs, connected to agriculture. Oyster production is supplying a steady job.

“This is a unique project that combines the positive environmental impact with the growth of a value-added industry, with potential for export and job creation in local communities", explains Nuno Brito Jorge, CEO of GoParity.

Project Information

Oysterworld is a Portuguese company focusing on sustainable oyster production since 2013. The bivalves are exported mainly to Spain, France and the Netherlands.

In 2017, the company increased its production capacity by 400% (to 360 tonnes). Following this increase, Oysterworld decided to adopt a new innovative production method, tested and recognized in Australia. The new system requires an equipment called “Hexcyl Rotative Baskets” that will allow for the automatic oyster rotation on each tide and it will help the company expand its oyster production in Setúbal, where they own an area of 18 hectares. As well as this, the company is trying to fund solar panels and an energy generator, a warehouse and other equipment.

The project requires an overall investment of € 2 141 940, that will be implemented between 2019 and 2020. The company applied to MAR 2020, and was granted € 1 070 970 (50% non reimbursable).

GoParity will be co-funding the remaining amount through eight crowdlending campaigns. It is the second of eight fundraising campaigns for the Oysterworld project.

Financial Viability

In December 2018, the company’s total assets were above 2,40M€ (1.8M€ in equity and 635.000€ in liabilities). Besides this, the project will generate the following benefits:

  • 70% reduction in operating costs

  • Reduce the species’ breeding time

  • Improve the quality of the oyster

  • Increase the selling price as a consequence of the better product

With almost half of the necessary amount being funded by an outright grant programme, MAR2020, this represents a sound and secure investment.

100% Funded
2 yr

term

5.2%

a year

6 mth

grace period

monthly

instalment

B-

rating

blue_economy

Blue economy

8. Decent Work and Economic Growth

SDG 8. Decent Work and Economic Growth

Equipment for sustainable oyster production in Portugal.

100% Confirmed Amount = € 150.000,00
Reserved Amount = € 0,00
€ 150.000,00

Impact

The oyster extraction sector is mainly settled in traditional techniques and intensive labour and that is why Oysterworld, which positions itself as one of the most innovative in the sector in Portugal, is looking to use new technological methods which, not only will assure its competitiveness in a growing market, but also ensure better work conditions and a better product.

This project has a very positive social and environmental impact contributing to:

  • Sustainable production and consumption: Oyster farming has a positive impact in the marine environment, as it improves water quality by acting as a filter (a single oyster filters on average 55 litres of water a day), it reduces the need for extractive fishing and it does not interfere with the natural stocks.

  • Gender equality: the fishing labour sector is mainly occupied by men. This is mainly due to the low level of mechanization and automation that requires the use of strength. This project opens doors for hiring women. In fact, 50% of Oysterworld’s current employees are women.

  • Better working conditions: the tasks required for oyster production are physically challenging, often leading to injuries, skin burns, other wounds or physical exhaustion. The improvements brought by this technique will reduce the employees’ physical exhaustion, increasing their productivity. Also, the company pays salaries above the average within the sector.

  • Community sustainability: the people in the surrounding communities mostly work in seasonal jobs, connected to agriculture. Oyster production is supplying a steady job.

“This is a unique project that combines the positive environmental impact with the growth of a value-added industry, with potential for export and job creation in local communities", explains Nuno Brito Jorge, CEO of GoParity.

Project Information

Oysterworld is a Portuguese company focusing on sustainable oyster production since 2013. The bivalves are exported mainly to Spain, France and the Netherlands.

In 2017, the company increased its production capacity by 400% (to 360 tonnes). Following this increase, Oysterworld decided to adopt a new innovative production method, tested and recognized in Australia. The new system requires an equipment called “Hexcyl Rotative Baskets” that will allow for the automatic oyster rotation on each tide and it will help the company expand its oyster production in Setúbal, where they own an area of 18 hectares. As well as this, the company is trying to fund solar panels and an energy generator, a warehouse and other equipment.

The project requires an overall investment of € 2 141 940, that will be implemented between 2019 and 2020. The company applied to MAR 2020, and was granted € 1 070 970 (50% non reimbursable).

GoParity will be co-funding the remaining amount through eight crowdlending campaigns. It is the second of eight fundraising campaigns for the Oysterworld project.

Financial Viability

In December 2018, the company’s total assets were above 2,40M€ (1.8M€ in equity and 635.000€ in liabilities). Besides this, the project will generate the following benefits:

  • 70% reduction in operating costs

  • Reduce the species’ breeding time

  • Improve the quality of the oyster

  • Increase the selling price as a consequence of the better product

With almost half of the necessary amount being funded by an outright grant programme, MAR2020, this represents a sound and secure investment.

OYSTERWORLD, LDA.

Active since
2013
Fiscal Country
Portugal
Operating in
Setúbal
Industry
Oyster Farming
GoParity Loans
3
Website
About OYSTERWORLD, LDA.

Founded by the current shareholder and Head of Production, Francisco Bernardino, Oysterworld is dedicated to the sustainable production of oysters. Francisco and his partner, Lopo Rocha, have more than 10 years of experience in the oyster industry. The company owns an area of 18 ha in Setúbal and has 16 employees, including biologists, chemical and mechanical engineers, pathologists and financial experts. For the development of its activity, the company owns two ships - Canes and Alcaçarenha & Cobelos, located in Setúbal. They have a combined area of more than 20 hectares and are located in the Sado Estuary Nature Reserve. The peculiarity of these waters makes them ideal for the development of oyster farming, mainly with regard to hydrographic conditions (tides), saline levels and the richness of the phytoplankton.

The Business Model

Oysterworld has been dedicated to sustainable bivalve farming, namely oysters, for 7 years. The company has a share capital of 400.000€ and exports most of its production to European countries, mainly to Spain, France and the Netherlands. The market they operate in is characterized by high demand and lack of supply (selling 100% of the production in recent years) and it has a great international potential (over 90%). Their value proposition is mainly focused on selling a high quality product not only for the applied production methods, but also for the species, which is greatly accepted in the market with a very competitive price that guarantees that 100% of the production is sold even in years where the production is greater. On top of this, they have an independent strategy by never relying on any single client for more than 20% of the company’s sales.

Track Record

Oysterworld was founded in 2013, by the current shareholder and Head of Production, Francisco Bernardino and his partner, Lopo Rocha, both with more than 10 years of experience in the oyster industry.

In 2017, the company increased its production capacity in 400% (to 360 tonnes).

The company is one of the most innovative in the Portuguese farming industry and mostly exports its production to Spain, France and the Netherlands.

Promoter Rating: B-

Guarantees

This loan is secured with a personal guarantee from the company's shareholder Francisco Bernardino.

OYSTERWORLD, LDA.

Active since
2013
Fiscal Country
Portugal
Operating in
Setúbal
Industry
Oyster Farming
GoParity Loans
3
Website
About OYSTERWORLD, LDA.

Founded by the current shareholder and Head of Production, Francisco Bernardino, Oysterworld is dedicated to the sustainable production of oysters. Francisco and his partner, Lopo Rocha, have more than 10 years of experience in the oyster industry. The company owns an area of 18 ha in Setúbal and has 16 employees, including biologists, chemical and mechanical engineers, pathologists and financial experts. For the development of its activity, the company owns two ships - Canes and Alcaçarenha & Cobelos, located in Setúbal. They have a combined area of more than 20 hectares and are located in the Sado Estuary Nature Reserve. The peculiarity of these waters makes them ideal for the development of oyster farming, mainly with regard to hydrographic conditions (tides), saline levels and the richness of the phytoplankton.

The Business Model

Oysterworld has been dedicated to sustainable bivalve farming, namely oysters, for 7 years. The company has a share capital of 400.000€ and exports most of its production to European countries, mainly to Spain, France and the Netherlands. The market they operate in is characterized by high demand and lack of supply (selling 100% of the production in recent years) and it has a great international potential (over 90%). Their value proposition is mainly focused on selling a high quality product not only for the applied production methods, but also for the species, which is greatly accepted in the market with a very competitive price that guarantees that 100% of the production is sold even in years where the production is greater. On top of this, they have an independent strategy by never relying on any single client for more than 20% of the company’s sales.

Track Record

Oysterworld was founded in 2013, by the current shareholder and Head of Production, Francisco Bernardino and his partner, Lopo Rocha, both with more than 10 years of experience in the oyster industry.

In 2017, the company increased its production capacity in 400% (to 360 tonnes).

The company is one of the most innovative in the Portuguese farming industry and mostly exports its production to Spain, France and the Netherlands.

Promoter Rating: B-

Guarantees

This loan is secured with a personal guarantee from the company's shareholder Francisco Bernardino.

Payments Status: Uncompliant

2019-10-13

1st payment

2019-09-12

100% funded

2019-07-16

Open for investment

Payments Status: Uncompliant

2019-10-13

1st payment

2019-09-12

100% funded

2019-07-16

Open for investment