{"id":421,"date":"2015-12-14T19:34:05","date_gmt":"2015-12-14T19:34:05","guid":{"rendered":"https:\/\/umaine.edu\/cooperative-aquaculture\/?page_id=421"},"modified":"2016-03-30T14:14:45","modified_gmt":"2016-03-30T18:14:45","slug":"maine-aquaculture-business-incubator","status":"publish","type":"page","link":"https:\/\/umaine.edu\/cooperative-aquaculture\/maine-aquaculture-business-incubator\/","title":{"rendered":"Maine Aquaculture Business Incubator"},"content":{"rendered":"

The Maine Aquaculture Business Incubator (MABI) was built in 2003-04 with funding from the Maine Technology institute (MTI)<\/a>.\u00a0 The building is well insulated with a finished interior, and it has over 11,500 SF of business incubation space where companies can start new aquaculture ventures in Maine.\u00a0 The MABI is well suited for long-term demonstration projects, and it is supplied with both fresh and salt water from our reservoirs and equipped with heating systems, generator back-up, and oxygen.\u00a0 Companies using the MABI pay their way through rent, utility cost sharing, or royalties on revenue.\u00a0 The MABI is jointly operated by CCAR, MTI, the Department of Industrial Cooperation<\/a>, and the Maine Aquaculture Innovation Center<\/a>.<\/p>\n

\"worm<\/a>
Raceways under construction in MABI for Maine Sea Bait<\/em><\/figcaption><\/figure>\n

The first tenant of the MABI was Maine Sea Bait, a company that grew marine polychaetes <\/a>for bait and aquafeeds.\u00a0 At peak operation Maine Sea Bait harvested seven tons of worms annually and employed seven people.\u00a0 However, although seven tons sounds like a lot of worms,\u00a0 the company projected it needed to raise 70 tons per year to be commercially successful, far beyond the scale possible in the MABI building.\u00a0 Failing to secure the financing needed for such a large project, Maine Sea Bait vacated the MABI in 2009.<\/p>\n

In the following two years the MABI was extensively remodeled, bearing in mind lessons learned from before.\u00a0 Insulation was improved, a finished concrete floor was poured, structural metal was coated or replaced with non-corrosive materials, and the entire outer shell and roof were replaced. These and other improvements allowed for an entirely different sort of aquaculture venture. The current tenant of the MABI is Sea & Reef Aquaculture<\/a>, a company that breeds and sells marine tropical ornamentals for the lucrative aquarium pet trade.\u00a0 The company, which now has seven\u00a0 employees, plans to eventually ship 16,000 specimens of over twenty marine reef fish species and other organisms per month.<\/p>\n

\"Aquaculture<\/a>
Construction of facilities for breeding tropical reef fish in the MABI<\/em><\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"

The Maine Aquaculture Business Incubator (MABI) was built in 2003-04 with funding from the Maine Technology institute (MTI).\u00a0 The building is well insulated with a finished interior, and it has over 11,500 SF of business incubation space where companies can start new aquaculture ventures in Maine.\u00a0 The MABI is well suited for long-term demonstration projects, […]<\/p>\n","protected":false},"author":261,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"open","ping_status":"open","template":"templates\/page-withsidebar.php","meta":{"_kad_blocks_custom_css":"","_kad_blocks_head_custom_js":"","_kad_blocks_body_custom_js":"","_kad_blocks_footer_custom_js":"","_monsterinsights_skip_tracking":false,"footnotes":""},"class_list":["post-421","page","type-page","status-publish","hentry"],"yoast_head":"\nMaine Aquaculture Business Incubator - Center for Cooperative Aquaculture Research - University of Maine<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/umaine.edu\/cooperative-aquaculture\/maine-aquaculture-business-incubator\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Maine Aquaculture Business Incubator - 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