Phase 2 of Economic Feasibility Market Study for Nutrient Bioextraction Industry in the Long Island Sound
Supports research to develop actionable strategies for scaling a profitable seaweed bioextraction industry in Long Island Sound, focusing on market analysis, infrastructure, and economic feasibility.
Funder: NEIWPCC
Due Dates: Rolling (open until contractor is selected)
Funding Amounts: Up to $100,000; expected project duration 12–15 months.
Summary: Supports actionable strategies to scale a profitable seaweed bioextraction industry in Long Island Sound, focusing on processing, market development, and economic viability.
Key Information: Open to a wide range of organizations; proposals accepted until filled.
Description
This funding opportunity supports Phase 2 of a comprehensive economic feasibility and market study aimed at advancing the development of a commercial seaweed bioextraction industry in Long Island Sound (NY and CT). Building on prior research, the project will identify actionable strategies to overcome key barriers—such as limited startup resources, insufficient processing infrastructure, and regulatory challenges—to foster a profitable, self-sustaining industry. The study will deliver detailed reports, market analyses, capacity inventories, and strategic recommendations, with a strong focus on non-food seaweed product opportunities and benchmarking against successful models in Maine.
