Ace Aquatec

Welfare-improving technologies for the aquaculture industry

Investment overview

Impact category

Blue economy

Investment type

Loan

Yearly interest

6.8

Term

months

Risk level

What will you be financing?

Ace Aquatec is focused on delivering solutions to overcome key challenges in the aquaculture industry, such as excess mortality rates on fish farms, poor fish welfare, high prevalence of parasites, seal attacks and escapes, as well as fish experiencing a high degree of stress and suffering at the point of harvest. Farmers also run their production cycles with very limited data and are unable to empirically identify areas for improvement & increased yield.

The funds raised through this campaign will be used to:

Build 50 biomass cameras that will provide farmers with accurate biomass of their fish as they grow helping improve feeding & harvesting.
Recruit new data scientists and software developers to deliver the smart farming insights that the camera system offers.

The "A-Biomass", an advanced underwater camera system, promises to transform the way fish farmers across the globe monitor and grade their fish stocks by using machine learning and artificial intelligence (AI) for real-time millimeter accuracy. The fully automated camera is smaller than many on the market, weighing in at just 8.5kg, and has been proven to withstand the harshest environmental conditions, having been developed and tested in Scotland’s most northerly waters.

The cameras use point cloud technology to track fish, simultaneously differentiating individuals from the shoal. Continuous measurement of fish size in the grading process reduces feed waste, meaning less impact on the immediate environment and efficiency savings for farmers. The system can also be operated remotely so fish stocks can be monitored from anywhere in the world, reducing the need to be on site.

The camera system is Ace Aquatec’s latest addition to the promoter's suite of high-welfare technology products and offers fish farmers a convenient, reliable, and cost-effective way to estimate fish biomass without handling or manual intervention. The "A-Biomass" for Salmon is the first camera in the series, with modules for Trout, Seabass, and Tilapia to follow in 2024.

What is the impact?

Direct

Promotion of sustainable marine economic activities: Ace Aquatec systems, mainly the Biomass cameras with real-time image and artificial intelligence (AI), provide data regarding fish weight and distribution. This data gathering is important for grading and harvesting the fish enabling optimized feeding and support in preventing diseases. The system allows for a more resource-efficient management of the production. 20 biomass cameras already implemented allow tracking of 120 thousand fish per day.

At the same time, Ace Aquatec predator control solutions aim to protect fish without harming possible predators or other non-target animals. This solution is implemented in 128 areas with more than 300 acoustic devices.

Implement sustainable and resilient food production systems: By reducing waste and excess mortalities in the fish production chain, Ace Aquatec systems contribute to increased productivity and production in aquaculture.
Job creation: to improve and implement their smart farming technology, Ace Aquatec plans on hiring data scientists and software developers.

Indirect

Promotion of responsible aquaculture: Ace Aquatec offers safe and rapid fish stunning methods that reduce fish stress and meet welfare standards for humane stunning.

Impact indicators
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CO2 avoided per year

clean energy

created by our projects

of sustainable

impacted

Contribution to the Sustainable Development Goals
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About the Promoter

About

Ace Aquatec Limited

Direct

Promotion of sustainable marine economic activities: Ace Aquatec systems, mainly the Biomass cameras with real-time image and artificial intelligence (AI), provide data regarding fish weight and distribution. This data gathering is important for grading and harvesting the fish enabling optimized feeding and support in preventing diseases. The system allows for a more resource-efficient management of the production. 20 biomass cameras already implemented allow tracking of 120 thousand fish per day.

Implement sustainable and resilient food production systems: By reducing waste and excess mortalities in the fish production chain, Ace Aquatec systems contribute to increased productivity and production in aquaculture.
Job creation: to improve and implement their smart farming technology, Ace Aquatec plans on hiring data scientists and software developers.

Indirect

Promotion of responsible aquaculture: Ace Aquatec offers safe and rapid fish stunning methods that reduce fish stress and meet welfare standards for humane stunning.

Promoter website

https://www.aceaquatec.com

Team
‍

[{"id":151,"promoter_id":309,"name":"Nathan Pyne-Carter","description":"Nathan has developed the business from a £20k turnover into an investor-backed business; he is also named inventor on ten company patents. He holds a BA Hons from Clare College, Cambridge University and was recognized with the Tayside and Fife IoD Regional Director of the Year Award in 2020, and the National Director of the Year for Innovation Award in 2019. Nathan spearheads the strategic and creative vision for the company.","link":"https://www.linkedin.com/in/nathan-pyne-carter-b013a769/","role":"Chief Executive Officer","member_photo":"https://991934249232-prod-octobercms-public-storage.s3.eu-west-1.amazonaws.com/public/69e/217/e14/69e217e14bdd8094752834.png","avatar_id":221174},{"id":152,"promoter_id":309,"name":"Alan Macleod","description":"Alan brings over 20 years’ experience in financial leadership across diverse sectors including technology, construction, energy and oil & gas. Before Ace Aquatec, he served as a Director at N4 Partners and as CFO and board director at Allrig, where he led a major international businesses re-organisation Alan’s extensive experience in strategy, finance, and transformation drives value in complex, competitive markets. Alan leads financial strategy and performance to drive sustainable growth and profitability.","link":"https://www.linkedin.com/in/alan-macleod-35820436/","role":"Chief Financial Officer","member_photo":"https://991934249232-prod-octobercms-public-storage.s3.eu-west-1.amazonaws.com/public/69e/217/f82/69e217f821777287042407.png","avatar_id":221175},{"id":153,"promoter_id":309,"name":"Keith Davidson","description":"Keith has over 35 years’ experience in leading global technology teams across various sectors. He has managed teams in the USA, Canada, India, China, Europe, and Asia, and has worked with technology companies at every stage, from start-ups to multinational corporations. Keith leads technology strategy and innovation to drive product performance and scalability.","link":"https://www.linkedin.com/in/keithadavidson/","role":"Chief Technology Officer","member_photo":"https://991934249232-prod-octobercms-public-storage.s3.eu-west-1.amazonaws.com/public/69e/218/046/69e21804688c8822752809.png","avatar_id":221176},{"id":154,"promoter_id":309,"name":"Tara McGregor-Woodhams","description":"Tara has over 29 years of experience in building brands and running high-profile marketing strategies for FTSE 100 clients in the UK and Internationally. Prior to joining Ace Aquatec, she headed up Brand strategy Marketing and Communication teams at Aegon and Standard Life. She led full-service agency teams for clients including Shell, Diageo, Adidas, Tesco, Marks & Spencer, and Cadbury Schweppes in the UK and India. Tara leads commercial strategy and marketing to drive brand growth and impact.","link":"https://www.linkedin.com/in/tara-mcgregor-woodhams-14b3539/","role":"Chief Sales & Marketing Officer","member_photo":"https://991934249232-prod-octobercms-public-storage.s3.eu-west-1.amazonaws.com/public/69e/218/1a5/69e2181a584db549912940.png","avatar_id":221177}]

Business Model
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