Blue Resource / Sjókovin

What Blue Resource / Sjókovin does

Sjókovin (DBA Blue Resource) is a Faroese non-profit research organization founded in 2020 and headquartered at Bryggjan 6, Leirvík, Faroe Islands, with a staff of approximately seven including CEO Unn Laksá and economists Sanna Laksá, Magni Laksáfoss, and researchers Juliana Arias, Mirjam Carlsdóttir Olsen, and editor Sigurgunn W. Danielsen. The organization provides socio-economic impact analysis, risk assessment, value chain analysis, market analysis, policy analysis, project management, and environmental monitoring services targeted at the Faroese fisheries and aquaculture industries, and also serves Faroese government agencies and international research institutions.

The core operating assets are (i) the canonical annual report on the Faroese fishing industry (Ársfrágreiðing Sjókovans um fiskivinnuna), covering landing values, exports, biological recommendations, fuel consumption, and fleet metrics, and (ii) Ocean Cluster Faroes, a stakeholder network for innovation and sustainable development in marine industries. Sjókovin coordinates or is a core partner on five EU Horizon Europe research projects — MeCCAM (33.5M DKK), OCCAM (18M DKK), SeaMark (70M DKK), BioProtect (60M DKK), and Marine Sabres (73M DKK) — spanning capture fisheries, aquaculture, seaweed cultivation, biodiversity protection, and ecosystem-based marine management, with consortia of 16-25 partners across 8-11 European countries.

The business model is project-based research funding, not commercial product sales. Revenue is generated exclusively through EU Horizon Europe grants and Faroese national research funding, with no disclosed pricing model, subscription, or fee-for-service revenue. Go-to-market is event- and consortium-driven: Sjókovin markets its capabilities through Ocean Cluster Faroes events, an annual fisheries and aquaculture conference, scientific publications (including in Climatic Change), email newsletter, and direct distribution of its annual report to industry stakeholders.

Name

Blue Resource / Sjókovin

Legal name

Sjókovin

Website

https://sjokovin.fo

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

1–10 employees

Short description

Sjókovin (Blue Resource) is a Faroese non-profit research organization providing socio-economic, market, policy, and environmental analysis for the Faroese fisheries and aquaculture industries, operating primarily through EU Horizon Europe–funded multi-country research consortia and the Ocean Cluster Faroes stakeholder network.

Ownership category

akta.pro rank

Product category

Marine Research Services

NAICS

Animal Production and Aquaculture (112), Aquaculture (11251), Shellfish Farming (112512)

SIC

Services-Membership Organizations (8600)

akta.pro primary industry

Marine & Freshwater Conservation (BPAGAGAE)

akta.pro secondary industries

Aquaculture Health, Biosecurity & Veterinary Services (AFAEAAAK), Aquaculture & Fish Health Services (AFAEANAE)

Keywords

• Fisheries research
• Aquaculture research
• Socio-economic analysis
• Marine sustainability
• Climate adaptation research

Headquarters

HQ city

Leirvík

HQ country

Faroe Islands

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D

Revenue model

1. EU Research Grants (Horizon Europe): Sjókovin generates revenue primarily through participation in EU-funded research projects under Horizon Europe. The organization coordinates large international research consortia and receives significant funding allocations for specific work packages.
2. National Research Funding: Funding from Faroese Research Council and other national sources for research projects and studies on fisheries and aquaculture.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Sjókovin is a Faroese non-profit research organization that delivers socio-economic impact analyses, risk assessments, value chain analyses, market analyses, and policy analyses for the fisheries and aquaculture industries. It coordinates large EU-funded (Horizon Europe) international research consortia and produces an annual report on the Faroese fishing industry. The organization also facilitates the Ocean Cluster Faroes network to promote innovation and sustainable development in marine industries.

Differentiator

Problem solved

Functional benefit

Brands

• Ocean Cluster Faroes: A network of stakeholders working with innovation and sustainable development in marine industries, established by Sjókovin

Products and services

• Annual Report on Faroese Fisheries (Ársfrágreiðing Sjókovans um fiskivinnuna) Comprehensive annual report analyzing Faroese fisheries, including landing values, exports, biological recommendations, fuel consumption, fleet size and renewal, for industry stakeholders, government agencies, and researchers.
• Ocean Cluster Faroes Network A stakeholder network facilitating collaboration on innovation and sustainable development in fisheries, aquaculture, and marine industries, including events, conferences, and knowledge sharing for Faroese seafood industry participants.
• Research and Analytical Services for Fisheries and Aquaculture Research and analytical services covering socio-economic impact analysis, risk assessment, value chain analysis, market analysis, policy analysis, project management, and environmental monitoring, delivered to fishing companies, aquaculture operators, government agencies, and research partners.

Quantifiable outcome

• Highest ever landing value recorded in 2025
• +2 more outcomes

Named customers8 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

15 partnerships are on record, tiered core and flagship.

• VarðincoreStrategic or Co-development Partner · 1 May 2025Varðin is a Faroese pelagic fishing company participating in the MeCCAM project, focusing on sustainable fisheries and climate change adaptation in the North Atlantic.
• HavstovancoreStrategic or Co-development Partner · 1 May 2025Havstovan (Faroese Marine Research Institute) participates in the MeCCAM project as a partner providing marine biological expertise.
• HiddenfjordcoreStrategic or Co-development Partner · 1 May 2025Hiddenfjord is a Faroese salmon farming company participating in the OCCAM project on climate adaptation in European aquaculture.
• FirumcoreStrategic or Co-development Partner · 1 May 2025Firum is a Faroese aquaculture research company leading the development of tools for sea lice management and climate adaptation in the OCCAM project.
• AvrikcoreStrategic or Co-development Partner · 1 May 2025Avrik is a Faroese company participating in the OCCAM project on aquaculture sustainability and climate adaptation.
• Nofima (Norway)flagshipStrategic or Co-development Partner · 1 May 2025Nofima coordinates the OCCAM project on climate adaptation in European aquaculture, with Sjókovin responsible for socio-economic analyses.
• Ocean RainforestcoreStrategic or Co-development Partner · 1 July 2022Ocean Rainforest is the Faroese seaweed farming company leading the SeaMark project, developing new products from sugar kelp for pharmaceuticals, cosmetics, food, and feed.
• University College CorkflagshipStrategic or Co-development Partner · 1 June 2022University College Cork leads the MarineSabres project on ecosystem-based management of marine environments, with Sjókovin responsible for socio-economic analyses.
• Matís (Iceland)flagshipStrategic or Co-development Partner · 1 June 2022Matís from Iceland coordinates the BioProtect project on protecting and restoring marine biodiversity in the Arctic and Atlantic.
• Matís (Iceland)coreStrategic or Co-development PartnerIcelandic research institute collaborating on Nordic seafood research and presenting at Sjókovin's 5-year anniversary conference.
• Nofima (Norway)coreStrategic or Co-development PartnerNorwegian research institute collaborating on aquaculture research and presenting at Sjókovin's 5-year anniversary conference.
• UiT - The Arctic University of NorwaycoreStrategic or Co-development PartnerUiT collaborating on Nordic research and presenting at Sjókovin's 5-year anniversary conference.
• Iceland Ocean ClustercoreStrategic or Co-development PartnerIcelandic ocean cluster sharing experience on 100% fish utilization and innovative products from by-products.
• MarineSabres Consortium (22 partners from 11 countries)flagshipStrategic or Co-development PartnerEU Horizon Europe project implementing ecosystem-based management for marine protection, with 73 million DKK in total funding.
• MeCCAM Consortium (16 partners from 9 countries)flagshipStrategic or Co-development PartnerEU Horizon Europe project on climate change adaptation in European fisheries, coordinated by Sjókovin with 33.5 million DKK in funding.

Scale indicators10 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Iceland Ocean Cluster: Icelandic industry cluster sharing experience on 100% fish utilization and by-product innovation. Closely parallels Ocean Cluster Faroes as a marine innovation network driven by a sister research organization.
• Nofima: Norwegian food, aquaculture, and fisheries research institute coordinating the OCCAM project with Sjókovin. Comparable as a Horizon Europe consortium leader operating at the intersection of aquaculture research and applied industry services.
• Havstovan (Faroese Marine Research Institute): Faroese Marine Research Institute participating as a core partner in MeCCAM. Comparable as a domestic Faroese marine research body with overlapping socio-economic and biological research mandates.
• Matís (Iceland): Icelandic government-owned food and biotech research institute that coordinates BioProtect and collaborates with Sjókovin on Nordic seafood research. Highly comparable as a publicly funded, marine/aquaculture research organization serving a North Atlantic seafood industry.

Broad incumbents

• SINTEF Ocean: Norwegian applied research institute with large-scale aquaculture, fisheries, and marine technology programs. Comparable as a major European applied research organization competing for similar Horizon Europe funding.
• Scottish Association for Marine Science (SAMS): UK marine science research institute working on sustainable seas, aquaculture, and marine policy. Comparable as a non-university marine research body participating in EU consortia and serving the seafood industry.
• Wageningen Marine Research: Dutch applied marine research institute within Wageningen University & Research, focused on fisheries, aquaculture, and ecosystem management. Comparable as an EU-level applied research organization in the same marine domain.
• Marine Research Institute (Iceland – Hafrannsóknastofnun): Icelandic government marine and freshwater research institute providing biological and oceanographic research for fisheries management. Comparable as a state research body in the same North Atlantic fisheries research domain.
• UiT – The Arctic University of Norway: Major Norwegian university collaborating with Sjókovin on Nordic research and presenting at its 5-year conference. Comparable as a large Nordic academic institution with marine, fisheries, and Arctic research capacity.

Emerging players

• European Market Observatory for Fisheries and Aquaculture (EUMOFA): EU-funded market intelligence tool providing data and analysis on European fisheries and aquaculture markets. Comparable as a knowledge-services provider operating in the same socio-economic / market analysis space as Sjókovin.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/blue-resource

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

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M&A

Investments

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Frequently asked questions about Blue Resource / Sjókovin