Enterprise Together with KSC
Marine Innovation
Sweden
Company Overview
Marine Innovation has developed greener alternatives to replace single-use plastics with seaweed-based products.
Sectors
- Green/ Sustainability
Project Summary
- The goal to replace single-use plastics with seaweed-based products
Business Model
- Revenue model Products made of Seaweed extract & Seaweed by-product
- Key Customer B2B, B2C,Retailers, Franchines, Brand Owners
Major Performance
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Sales
- 2019-$42,000
- 2020–$160,000
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Investment
- Total of $1.1M
- SK INNOVATION
- $435,000
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Employees
- 2019-9
- 2020-13
- 2021–17
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Patent
- 4 Registered, 47 Applied
- 2 Overseas registered
- 4 PCT, 16 Designs
- 22 Trademarks
Overseas Expansion
Stage
Branching out to Bahrain, France, Vietnam, Sweden
Status
- Commercial Level: Russia, Australia, Bahrain, Japan, USA, France
- Signed partnerships, MOU with Global Companies
- In the funding round of Series A Gloal business development to corporation, institution, global companies
Performance
- 2020 Dubai Expo Finalist
- Worldstar Global Packaging Awards (WPO) / Asia Star 2020 -'Best of the best in Packaging Innovation' Hannoi Innovation Summit- 1st in Life Science Section / 2019 Creative Business Cup, Copenhagen Top5
- 2020 HEC Incubator, France / Domestic Achievement : 6 Ministry Awards, President Citation 2021
Short-term goals in three years
- Branch out to new gloal markets with eco-conscious customers / Sales and marketing activities
- with B2B, retailers, distributors / 5 global localization / Expand markets in different industries in
- Euopre and Nordic region / Increase online channels and sales / Raise Funding
Products / Services
1
2
- Target Country
- Sweden
- Date of Establishment
- Jan 16, 2019
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- wy.cha@marineinv.com wy.cha@marineinv.com
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- Website
- https://eng.marineinv.com/ https://eng.marineinv.com/
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- Location
- 2F, GyeongGongUp2-Dong, 135 Cheoyongsaneop 3-gil, Cheongnyang-eup, Ulju-gun, Ulsan, Republic of Korea 44988
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- CEO
- Wan Young CHA
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- Founder’s Background
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- Master’s degree in Mechanical Engineering, Busan National University
- Worked at Hyundai Glovis
- Worked at PT. CNG Indonesia