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SeaStock announced as winner of LDC Climate Resilience Prize at Mass Challenge Switzerland

SeaStock recognized on the global climate change stage for its ‘potential to help shape sustainable food and agriculture production systems’

Perth, 30 October 2023 – Western Australian-based biotech company SeaStock has taken out the Louis Dreyfus Corporation Climate Resilience Prize in Lausanne Switzerland.

SeaStock was one of more than 1200 startups from across the globe selected to take part in this year’s accelerator program located in Lausanne, Switzerland, which commenced in May this year and the only Australian company to be selected as a finalist.

The company startup was recognized on the global stage for its technology-based approach to assist the agriculture industry to reduce its greenhouse gas emissions.

Mass Challenge President, Ian Roberts, said that SeaStock was named as LDC Climate Resilience Prize Laureate because of its potential to deliver rapid impact by cutting emissions from the world’s dairy and beef herds.

“SeaStock provides a solution that can plug into the existing supply chain, thus scale fast to cut emissions in the short and medium term. They create a meaningful impact as we speed up global transition to a future where alternative proteins take a much bigger share of our diet,” Mr Roberts said.

On announcing SeaStock as the winner, Mr Roberts said the world needed to move faster to rebalance the protein intake across animal and plant sources to reduce the stress on land and water resources globally.

“SeaStock provides a solution that can plug into the existing supply chain, thus scale fast to cut emissions in the short and medium term.”

SeaStock Managing Director Tom Puddy, who travelled to Switzerland to accept the award with board member Greg Harvey, described the win as an incredible achievement for a WA-based biotech start up and recognition of the very real commercial potential of the Company’s patented land-based cultivation and extraction technology in relation to the native seaweed Asparagopsis.

“Winning the LDC Climate Resilience Award is global recognition and validation that our innovative approach to seaweed cultivation and processing is commercially scalable and can have a direct impact on reducing methane emissions from livestock.

“I am incredibly proud of our team and the industry partners that we have worked closely with to achieve this sort of recognition and following a very rigorous selection process that saw us make multiple trips to Europe to take part in a matter of months.

“I think the key take out for us here is that we have been judged by some of Europe’s largest commercial corporations with significant global footprints that are looking for immediate solutions to reducing the impact of their supply chains,” he said.

LDC Chief Executive Officer, Michael Gelchie, said he was honoured to present the Climate Prize to SeaStock ‘whose impressive solution to produce and extract compounds derived from seaweed and algae shows great potential to drive climate resilience across several value chains and industries.’

“What we now need to capitalize on this level of global recognition is support and investment to scale commercially and to do so in a fairly rapid time frame.

“We need the support of governments to do this and to help primary producers to incorporate cost effective, proven and sustainable solutions it into their operations,” Mr Puddy said.

“We’ve shown at our Fremantle based hatchery and pilot plant that we can produce and extract commercially valuable products from seaweed grown in a controlled environment and that we can do so sustainably using renewable energy sources, cost effectively with high purity and high concentration while retaining a natural ingredient status.”  

“The interest in our industry is growing exponentially year on year and we are at the forefront in terms of the science behind cultivating and extracting high value compounds from seaweed and commercializing the supply of those products to end users globally.”

Mass Challenge Switzerland partners Buhler Group, Givaudan, Nestle, DSM, Louis Dreyfus Company and Sudzucker promote the challenge with the aim of identifying startups or scaleups with proven solutions or technology in the areas of sustainable food and feeding solutions, sustainable supply chain and manufacturing, sustainable packaging and Agri Tech.

Shortlisted companies are given a direct pathway to multi-national corporations to explore ways to collaborate with them and to assist them to scale their technology.


Research Scientist

Dr Sanjana Senthilkumar is a Ph.D. graduate of Philosophy in Biosciences and Bioengineering, from the Indian Institute of Technology Guwahati, and holds a Bachelor of Technology in biochemistry from Sathyabama University, in India. During this time Sanjana gained vast research knowledge on plant secondary metabolites and their physiochemical properties. Her nearly decade-long experience spans across plant tissue culture, natural product chemistry, photo-physics, and various analytical techniques. She possesses skill in experimental design, research review, execution, data analysis, and scientific writing. She has led and executed a research entrepreneurship project, which involved design, development, and patenting of an innovative apparatus for use in chemistry laboratories. Additionally, she has undertaken several roles as a trainer, teaching assistant, supervisor, instrument operator, and laboratory demonstrator. Sanjana has been appointed to the position of Research Scientist to support the next phase of the Company’s commercial growth. Tasked specifically with helping establish a scientific approach to developing sustainable and commercially viable biomass growth of macro algae.


Production Technician

In 2023 Zoe completed a Bachelors in Coastal and Marine Science at Curtin University. During her study Zoe also gained work experience as an aquaculture volunteer, including roles with PhD students and Department Primary Industry Resource Development (DPIRD).  In addition Zoe worked at the Geraldton TAFE commercial hatchery, which introduced her knowledge to cultivate Asparagopsis seaweed and aquaculture operations.
Within completing Zoe's degree, she also completed field work studies on fish behaviours and interacted with multiple marine based professionals.  Zoe had access to innovative technology that made her learning & experiences much more immersive and accessible, enabling her to gain experience in technologies, equipment and platforms used within the aquaculture research industry.  Zoe is thrilled to be a part of the Seastock science team, which has further ignited her passion for the ocean and participating in work which will benefit the state of our climate. Working towards a more positive future for all.