Jeju Center for Creative Economy and Innovation (CEO Lee Byeong-seon, hereinafter referred to as Jeju Center) announced that it has made a pre-A investment in Megaplan Co., Ltd. (CEO Yoo Cheol-won), which develops smart aquaculture solutions based on mackerel year-round spawning technology, through the ‘Jeju Early Startup Incubation Fund’ jointly operated with MY Social Company (CEO Kim Jeong-tae, hereinafter referred to as MYSC).
Megaplan holds patented mackerel spawning technology and successfully shipped and sold the first generation of artificial spawners in January of this year. The startup operates a land-based farm in Pyoseon-myeon, Seogwipo-si, Jeju-do, where it is demonstrating its technological prowess with the goal of year-round mackerel production.
The Jeju Center anticipates that Megaplan's year-round mackerel production technology will help alleviate supply and demand instability and contribute to the expansion of the live mackerel market. Furthermore, it anticipates that it will play a key role in addressing the fisheries and food crisis caused by climate change and marine pollution.
The Jeju Center continues to provide follow-up support through the Marine and Fisheries Acceleration Program, which supports Megaplan's commercialization funding. Through this program, Megaplan plans to expand its aquaculture farms to four regions nationwide, including Jeju and the Gyeongnam region. This expansion is expected to lead to a surge in mackerel production and increased sales.
Lee Byeong-seon, CEO of the Jeju Center, said, “This investment is not only about Megaplan’s technological prowess, but also about the potential to create new markets by leveraging Jeju’s local resources.” He added, “We will continue to support investments in promising startups to further develop Jeju’s startup ecosystem.”
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