BRINGING LIFE TO COASTAL COMMUNITIES
Delivering environmentally sustainable mariculture projects which create new revenue streams for local stakeholders while providing solid returns for socially and environmentally conscious investors
Innovare pursues social enterprise that creates value for all stakeholders, not just shareholders. Recognizing that healthy partners are more productive partners, Innovare works holistically with communities and individuals to successfully farm H. Scabra, care for the environment and their communities.
Innovare integrates principles of environmental stewardship into training, partnerships and the practical development of strategies like MPAs, in order to protect and maintain one of the highest marine biodiversity profiles in the world for generations to come.
At Innovare, we are committed to a financially sustainable businessmodel that can provide a solid return for socially conscious investors and generate revenue for expansion, enabling us to serve more communities in diverse marine environments.
Current Project: HOLOTHURIA SCABRA
Unsustainable Fishing Practices
Lack of Alternatives for the Poor
OUR SOLUTION: MARICULTURE
The increased capacity and efficiency of fisheries worldwide has resulted in the collapse of many natural populations of fish and shellfish. This has produced disastrous consequences for small artisanal fishing communities around the world. Many are facing impoverishment, and almost all of these artisanal groups have been forced to harvest smaller fish and invertebrates. This often includes juveniles of important larger species, ultimately crippling the natural marine population further.
While there exist effective strategies, like marine protected areas (MPAs), that can restore degraded coastal ecosystems, such strategies cannot be effective until the pressing needs of artisanal fishing communities for alternate sources of income are met. One example of a species under threat from overfishing is Holothuria Scabra, a sea cucumber that is in great demand in many Southeast Asian markets. It has recently been added to the endangered species list, and where once Indonesia was the largest exporter of wild caught H. Scabra, stocks have dwindled to the point that the industry is now dying – further reducing income opportunities for some artisanal fishing communities.
WHAT WE ARE DOING ABOUT IT
One means of addressing declining fishery production is sustainable MARICULTURE – breeding marine species in a hatchery and assisting coastal communities to grow them in captivity, in the ocean. In Indonesia, local fishermen have no access to cutting-edge mariculture technology and expertise that could enable them to be productive. Innovare serves as a link between environmental science and the fishing villages that are struggling to sustainably benefit from their vast marine resources. given Indonesia’s ideal environment and the high market value of the H. Scabra, Innovare is working in the Riau Islands on sea cucumber production as its initial emphasis. We sell fingerlings on credit to local fish farmers and assist them in best practices to grow them to market weight, while also managing company grow-out sites to ensure a strong company bottom line.