New Zealand seaweed venture receives gov’t grant for Japan export business

[New Zealand] The New Zealand government has awarded a grant of NZD 75,000 ($47,280) to the North Island seaweed harvesting company Wakame Fresh, reports Scoop.

The startup harvests the invasive edible seaweed Undaria, which is a major issue for the country’s mussel farms, clogging up lines and ropes. However, in Japan, the seaweed is something of a market delicacy according to Scoop, going by the name ‘wakame’.

To this end, the government has awarded Wakame Fresh with the grant to investigate the viability of processing and exporting the wakame seaweed to Japan, where the product is in short supply.

Based in Coromandel town, Wakame Fresh will be the first company to receive a grant through the Sustainable Food and Fibre Futures Fund — a fund reputedly worth NZD 40 million.

Wakame Fresh started seven years ago, and began exporting seaweed to Australia last year. It will contribute NZD 114,182 of its own to the viability project, Scoop said.

 

Photo: Wakame Fresh director Lucas Evans, and the invasive seaweed Undaria or wakame, at a mussel farm in Coromandel Town.

View original article at: New Zealand seaweed venture receives gov’t grant for Japan export business

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