University startup in final three for global environmental prize

A company that grows nutrient-rich algae from whisky waste to help preserve wild fish populations has been announced as a finalist for the prestigious Earthshot Prize 2024.

Douglas Martin, Founder of MiAlgae
Douglas Martin, Founder of MiAlgae. (Credit: Edinburgh Innovations)

MiAlgae, which started at the University of Edinburgh in 2016, farms its own algae to produce Omega 3 - an essential mineral for human and animal health - that is naturally accumulated by the likes of sardines and anchovies.

Alternative algae

Global demand for the nutrient is rising but the current rate of fish harvesting is unsustainable, threatening the ecosystems that support them, experts say.

MiAlgae has therefore employed a very Scottish solution for a global problem.

The company uses highly nutritious waste from the production of whisky to grow algae in specially designed fermenting vessels. The organisms boost the supply of Omega 3 with the aim of eliminating the reliance on wild fish for the nutrient.

Global prize

The Earthshot Prize, which is presided over by His Royal Highness The Prince of Wales, searches the globe for game-changing solutions that will help repair the planet.

Just five of those ideas are picked as winners each year and are given a grant of £1 million to continue their work.

Founder Douglas Martin created the startup at the University of Edinburgh while studying at the School of Biological Sciences for his Masters in synthetic biology and biotechnology. He says he was determined to have an idea that “had a good heart”.

It’s an incredible honour to have been selected as an Earthshot prize finalist. We’re truly grateful for the support we’ve had from the University of Edinburgh, in particular Old College Capital, over the years. Conservation is a team sport and we’re proud to have the University on our side. 

Douglas Martin Managing Director, MiAlgae

University backing

In establishing the firm, Douglas and his team received commercialisation support, funding opportunities and mentorship from across the University.

Old College Capital, the University of Edinburgh's in-house venture investment fund, first backed the company at the pre-seed stages. OCC has since actively supported the company at board level and with further investment, now totalling £1.5 million.

Throughout this period, MiAlgae has stayed close to the University, supporting students by sponsoring PhDs, recruiting staff and delivering talks.

MiAlgae’s journey is a fantastic example of how the University’s entrepreneurial ecosystem supports brilliant ideas and gets them out into the world, where they can make a difference.

“Innovation means enabling cutting-edge research to meet the world’s biggest challenges, and here we see MiAlgae providing a sustainable solution to overfishing and ocean health. It’s wonderful to see global recognition for their work, and testament to the University of Edinburgh’s position as first in the world for industry, innovation and infrastructure.

Professor Christina Boswell Vice-Principal Research and Enterprise at the University of Edinburgh
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