Marine Life Research
Kingston
About Marine Life Research
Marine Life Research specializes in coral reef research and the propagation of marine species destined for the aquarium market. The future for the multi-billion dollar marine aquarium industry is in jeopardy, its continued success lies in captive breeding. Many countries now ban or restrict the collection of fish from coral reefs. We can help. We currently breed several marine species, however, to further our research we are constructing a living, life size coral reef/laboratory. To fund this project we will open our 500,000 gal reef/lab as a tourist attraction and dive centre. Eden II is much more than just another aquarium, It is a real life South Pacific adventure featuring all of sights, sounds, flora and fauna of an island in the Cook Islands chain including an ocean lagoon, white sand beach, coconut palms, rain forest exhibit, free flight tropical bird aviary, butterfly conservatory, exotic gardens, sting rays, shark and sea turtle exhibits, flamingos, monkeys and 40 other exhibits housed in a 60,000 sq ft glass bio-dome. The most unique feature of our reef exhibit is that you can actually dive right in it. With 10 minutes instruction you can dive with thousands of fish, sting rays, sea turtles and sharks. Our main focus is on coral reef research and the propagation of marine species but the tourism component will pay for the research and facility operations. Each new species we breed represents between $250K and $1M profit and we can sell all the fish, coral and invertebrates we can breed. By year three we expect the sale of fish to bring in over $2M per year.. As coral reefs globally continue to decline due to pollution and climate change/tropical storms and over fishing, it is only a matter of time until wild stocks are depleted and their collection either completely banned or too expensive for the market. Within 5 years we plan to be the worlds largest privately owned marine research facility and supplier of captive bred marine fish and coral.
Company Facts
- Operating status: Active
- Company type: For Profit
- IPO status: Private
- Employees: 1 – 10
- Total funding: $3.0M
- Last round: Debt Financing (Jan 2014)
- Website: marineliferesearch.com
Industries & Categories
Aquaculture, Developer Platform, Marine Technology
Canonical: https://fsome.com/organization/marine-life-research-2754716 · For the full interactive profile (charts, investors, team, acquisitions, press), please enable JavaScript.