What MARITIME INNOVATION DEVELOPMENT LTD does

Maritime Innovation Development (MID) is a Norwegian privately-held naval architecture and marine engineering firm founded in 2004 and headquartered at Aker Brygge, Oslo. The company delivers consulting services across the vessel lifecycle — from conceptual to detailed design — together with advanced computational fluid dynamics (CFD) analysis using Star-CCM+ from CD-Adapco, 3D printing for prototyping, project management, and systems development. Its core engineered product is the MID44-C1 High Performance Catamaran, a 44-foot aero-deck carbon/kevlar composite vessel targeting speeds above 150 knots, produced as a limited edition of 10 boats (7 available publicly). MID also conducts R&D on a Hyperloop POD for salmon and fish transportation, positioned around Norway's planned 5x expansion in salmon production.

The business generates revenue through multiple streams: project-based naval architecture and marine engineering consulting fees, one-time sales of the limited-edition MID44-C1 catamaran, maritime media production (since 2004) and B2B event organization, venture management and corporate governance services for portfolio companies, training courses and workshops, and equity fundraising via private placements and convertible loans into its US (LLC) and UK (LTD) subsidiaries. The go-to-market is event-driven and relationship-based, centered on Nor-Shipping, Monaco Yacht Show, Dubai Boat Show, and Formula 1 / Offshore Class 1 racing as sport-marketing channels, targeting enterprise maritime clients, ultra-high-net-worth individuals, family offices, and accredited investors.

The company maintains a small international team supported by collaborations with MARINTEK/SINTEF, DNV, NTNU (University of Trondheim), and the University of Genova, and partners with Amazon Web Services for cloud/digital infrastructure underpinning its proprietary 4D VR integrated digital twin product. MID is currently raising equity for its US and UK subsidiaries, with stated 2026 plans for further geographic expansion (Monaco, Nice, Dubai, Hong Kong) and growth via organic investment and M&A.

Name

MARITIME INNOVATION DEVELOPMENT LTD

Legal name

Maritime Innovation Development

Website

https://maritimeinnovation.com

Company type

Private

Founded year

2004

Operating status

Operating

Short description

Maritime Innovation Development (MID) provides naval architecture, marine engineering consulting, and CFD analysis to maritime, energy, and luxury yacht clients, alongside a limited-edition high-speed catamaran product and Hyperloop POD R&D for salmon logistics.

Ownership category

akta.pro rank

Product category

Naval Architecture & Marine Engineering

NAICS

Ship and Boat Building (3366)

SIC

Ship & Boat Building & Repairing (3730)

akta.pro primary industry

Project Management & Owner’s Engineering / Technical Consultancy (Spec Writing, Bid Support, Site Support) (IMAJAGAO)

akta.pro secondary industries

Production Design & Detailed Engineering (3D CAD, Drawings, BOM, Nesting) (IMAJAGAK), Catamaran & Multihull Leisure Craft Manufacturing (IMAJAEAC)

Keywords

• Naval architecture services
• Marine engineering consulting
• Computational fluid dynamics
• High-performance vessel design
• 3D printing prototyping

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Marketing or Sales, Supply Chain, Operations

Revenue model

1. Naval Architecture and Marine Engineering Consulting: MID delivers top-quality consulting services within naval architecture, marine engineering, project management, CFD analysis, and systems development. Revenue is generated through project-based consulting fees for design, engineering, and technical analysis services delivered to maritime and energy sector clients.
2. High Performance Catamaran Sales: MID takes pre-orders for its MID44-C1 High Performance Catamaran, a limited edition of only 10 boats (3 kept for factory team, 7 available to the public). Revenue is generated through the sale of completed vessels, with each boat representing a high-value one-time transaction.
3. Maritime Media Production: MID produces news content, promotional videos, and short films since 2004, and partners with Investor Media to promote magazines and events. Media productions are offered as a service targeting UHNWI, family offices and yacht investors.
4. Training Courses: MID offers workshops and events focusing on CSR, technology development and problem solving, as well as training courses for the maritime industry.
5. Venture Investments: MID invests in portfolio companies and provides venture management services including corporate governance, strategy, board work, finance, business planning and management for hire. Acts as an active owner taking a role in management and/or board.
6. Equity Fundraising: MID is currently raising equity for its US and UK subsidiaries (Maritime Innovation Development LLC and Maritime Innovation Development LTD). During 2026, several investment offers are planned including private placements, convertible loans and other instruments. Stock ordering section is available on the website.
7. Hyperloop Technology Development: MID conducts R&D to develop new high-tech products for the Hyperloop ecosystem, including POD systems for salmon and fish transportation, positioning to capture future revenue from Norway's expanding salmon industry logistics.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

Maritime Innovation Development provides naval architecture, marine engineering, and project management consulting services to maritime, energy, and superyacht clients, supported by advanced CFD analysis (Star-CCM+), 3D printing prototyping, and a proprietary 4D VR integrated digital twin. The company also designs and sells the MID44-C1 High Performance Catamaran (a limited-edition 150+ knot carbon/kevlar racing vessel) and develops MID Hyperloop Technology, including PODs for salmon and fish transportation. Additional offerings include consulting services, maritime media production, training courses and workshops, and venture investments.

Product overview

Maritime Innovation Development (MID) is a Norwegian naval architecture and marine engineering company offering a portfolio of products and services. The core products include the MID44-C1 High Performance Catamaran, a 44-foot high-speed racing vessel exceeding 150 knots designed for offshore powerboat racing, and MID Hyperloop Technology for fifth-generation transportation including salmon logistics PODs. The service portfolio encompasses CFD analysis using Star-CCM+, 3D printing for prototyping, naval architecture (conceptual to detailed design), marine engineering, project management, consulting services, venture investments, and educational courses. The company uses these offerings as a platform for innovation and marketing, particularly in the racing market through Formula 1 and Offshore Class 1 channels.

Differentiator

Problem solved

Functional benefit

Brands

• MID44-C1: High Performance Catamaran - a 44 feet aero-deck catamaran with design speed planned to be in excess of 150 knots, built of advanced lightweight carbon/kevlar composite structure.
• MID Hyperloop Technology

Products and services

• MID44-C1 High Performance Catamaran A 44-foot aero-deck high-performance catamaran designed for offshore powerboat racing with a planned speed exceeding 150 knots. The hull is constructed from advanced lightweight carbon/kevlar composite structure, developed through extensive CFD analysis for reduced drag and improved seakeeping performance. Available only as a limited edition of 10 boats (7 to the public), targeting racing teams and luxury lifestyle buyers.
• MID Hyperloop Technology Fifth-generation transportation technology developed in cooperation with the Hyperloop ecosystem initiated by Elon Musk. Includes R&D on Hyperloop POD systems specifically designed for salmon and fish transportation, targeting the Norwegian salmon industry's logistics challenge. Featured in NRK news and positioned for licensing/R&D commercialization.
• Naval Architecture Services Comprehensive naval architecture services covering basic and applied research, preliminary/conceptual design, contractual design, functional design, detailed design, evaluation, and calculations across the vessel lifecycle. Targeted at maritime operators, shipyards, and superyacht builders.
• Marine Engineering Services Marine engineering services delivered by an international team of project managers and engineers solving technical and commercial maritime problems. Includes CAD design, numerical modelling, analysis, and simulation using established engineering principles and advanced techniques.
• CFD Analysis Services Advanced Computational Fluid Dynamics analysis services using Star-CCM+ from CD-Adapco for solving complex engineering tasks and analyzing technical challenges in marine design, including drag reduction and seakeeping optimization.
• 3D Printing Services 3D printing services used early in the design process to reduce prototyping costs in the R&D phase. Research is ongoing for 3D printing of boats, ships, hyperloop subsea technology, and space transportation; MID is in dialogue with SpaceX on Hyperloop-related developments.
• Project Management Services Marine systems design and IT project management services including project risk management, quality assurance, project planning and controls, design procurement, information management, document control, and systems development for maritime and energy clients.
• Consulting Services Consulting services covering project management, marine engineering, naval architecture, 3D printing, CFD analysis, and systems development, delivered by an experienced consultant team for maritime and energy sector clients.
• Systems Development Systems development services covering IT systems for the design and operation of ship and superyacht designs, integrated with MID's consulting practice and delivered alongside naval architecture and marine engineering engagements.
• Venture Investments Venture management services for portfolio companies including corporate governance, strategy, board work, finance, business planning, management for hire, and active ownership taking on management and/or board roles. Targets investments in maritime, real estate, smart cities, terminals, Hyperloop infrastructure, and hotels/resorts.
• Courses and Workshops Training courses, workshops, and events focusing on CSR, technology development, and problem solving for the maritime and Superyacht industry in Norway, held in cooperation with industry partners and academic institutions.
• Maritime Media Production Production of news content, promotional videos, and short films for the maritime sector, leveraging MID's accredited press status at Nor-Shipping, Sjøen for alle, and Båter i sjøen since 2004, with partnerships to Investor Media and Knowhow Media for B2B event coverage and magazine/event promotion targeting UHNWI and yacht investors.

Quantifiable outcome

• MID44-C1 design target speed of 150+ knots
• +2 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

15 partnerships are on record, tiered supporting, minor and core.

• Florida Powerboat ClubsupportingGTM or Marketing Partner · 1 January 2019MID organizes Poker Run USA events in cooperation with Florida Powerboat Club, described as the best and most well-known Poker Run organiser. FPC helps MID deliver team-building events for key personnel at poker runs in Florida, USA.
• NTNU / China Start / DIGS / InvestinorsupportingGTM or Marketing Partner · 1 January 2019MID co-sponsored and organized the China Entry Challenge in 2019, a start-up competition for companies entering the Chinese market, held at DIGS in Trondheim. The event was organized in cooperation with entrepreneur students from NTNU, China Start, DIGS, and Investinor.
• FincantieriminorStrategic or Co-development Partner · 1 January 2019MID visited Fincantieri's stand at Monaco Yacht Show 2019 in front of a model of their new Frigate Yacht. Fincantieri is a major shipbuilder and MID engaged with them as part of its networking activities at the show.
• Investor MediacoreGTM or Marketing Partner · 1 January 2018Partnership established in 2018 with Investor Media to promote their magazines and events in Norwegian and global markets. MID participates at Investor Media's B2B events in Monaco and London and at the Monaco Yacht Show. Investor Media organizes the Family Office Dubai Soiree, B2B events at Club 39 Monte Carlo, and the London Winter Soireé at the Queens Club. This partnership expanded MID's network to UHNWI, family offices, and yacht investors.
• Knowhow MediasupportingGTM or Marketing Partner · 1 January 2018MID has a close cooperation with Knowhow Media in Oslo and has access to a full studio in Sandvika for media productions. Knowhow Media supports MID's media production capabilities, enabling the production of news content, promotional videos, and short films targeting the maritime industry.
• Amazon Web Services (AWS)coreTechnology or Integration · 1 January 2018MID's cooperation with Amazon Web Services enables the company to provide a wide range of cloud-based products and services to clients and assist companies in the digitalisation of their value chain. AWS is a key technology partner for MID's digital twin development and broader IT infrastructure.
• MARINTEK/SINTEFcoreStrategic or Co-development Partner · 1 January 2018R&D is carried out in cooperation with MARINTEK/SINTEF, one of Norway's most well-known R&D organisations. SINTEF is a key partner for MID's naval architecture research and development activities.
• DNVsupportingStrategic or Co-development Partner · 1 January 2018MID cooperates closely with DNV (Det Norske Veritas), a leading maritime classification society and risk management provider, for R&D in marine engineering and maritime technology development.
• University of Trondheim (NTNU)supportingStrategic or Co-development Partner · 1 January 2018MID cooperates with the University of Trondheim (NTNU) for research and development in maritime engineering and marine technology. NTNU students from the China Start program collaborated with MID on the China Entry Challenge start-up competition in 2019.
• University of GenovasupportingStrategic or Co-development Partner · 1 January 2018MID cooperates with the University of Genova for R&D in maritime engineering, leveraging academic expertise in marine technology and naval architecture.
• SpaceXminorStrategic or Co-development Partner · 1 January 2018MID is in dialogue with SpaceX regarding Hyperloop technology development. MID is researching possibilities for 3D printing manufacturing of boats, ships, hyperloop subsea technology and space transportation, drawing inspiration from SpaceX's modern CAD techniques and 3D printing innovations.
• Y.CosupportingGTM or Marketing Partner · 1 January 2018MID met with Y.Co at Monaco Yacht Show 2018 during a breakfast meeting organized by Emily Penn onboard the 85.5M superyacht Illusion Plus. This meeting initiated MID's campaign to reduce plastic pollution in the ocean and connected MID with the eXXpedition project.
• Espen Øino (Yacht Designer)minorStrategic or Co-development Partner · 1 January 2018MID's Kai Engebretsen met with Norway's famous yacht designer Espen Øino at Monaco Yacht Show 2018. Discussed the REV explorer yacht project (designed for billionaire Kjell Inge Røkke). The meeting represents a strategic connection in the superyacht design community.
• Hyperloop Transportation TechnologysupportingStrategic or Co-development Partner · 1 January 2017Hyperloop Transportation Technology was a major attraction at Nor-Shipping 2017, with MID attending and meeting their team. MID is involved in developing Hyperloop POD technology independently and has participated in related events featuring this partner.
• NRKminorOthers · 1 October 2016MID was featured in NRK news (NRK.no) on 01.10.2016 with their R&D project for development of a Hyperloop POD for transportation of salmon. NRK covered the innovative project, providing media exposure for MID's Hyperloop technology initiative.

Scale indicators5 records

Recent moves9 records

Expansion highlights6 records

Others

• DNV: Maritime classification society and risk management provider. Listed as a research partner of MID and a benchmark reference for the engineering services and CFD validation work MID provides.
• MARINTEK (SINTEF Ocean): Norwegian marine technology research institute and MID's named R&D partner. Comparable as an adjacent capability provider in CFD, naval architecture research, and maritime testing that MID accesses rather than competes with.

Broad incumbents

• Oceanco: Dutch superyacht builder delivering large custom vessels. Comparable to MID's catamaran manufacturing ambition at much larger scale and represents the type of OEM that could eventually contract MID for design services.
• SUNREEF Yachts: Polish luxury catamaran builder producing sailing and power multihulls. Comparable to MID on the catamaran manufacturing side at much greater production scale, representing a potential benchmark and competitor in the multihull space.
• Fincantieri: One of the world's largest shipbuilders covering cruise, naval, and offshore vessels. Comparable as a major maritime OEM that MID engages with at industry shows and could serve as a future consulting/design client.
• BMT Group: Large international maritime engineering consultancy offering naval architecture, marine engineering, and project management across defense, commercial shipping, and offshore energy. Comparable to MID's consulting practice but at much greater scale and breadth.

Direct peers

• H2 Yacht Design: Independent superyacht and naval architecture design firm delivering exterior, interior, and engineering design. Comparable to MID on boutique-scale yacht design and engineering consulting for UHNWI clients.
• Mystic Powerboats: US-based manufacturer of high-performance offshore powerboats and catamarans. Directly comparable to MID's MID44-C1 high-performance catamaran product and shared target market in offshore powerboat racing.
• Robert Allan Ltd: Independent Canadian naval architecture and marine engineering firm specializing in commercial vessel and high-performance craft design. Directly comparable to MID's core offering of naval architecture, CFD analysis, and detailed vessel design for clients.
• Espen Øino International: Leading superyacht design studio with strong Norwegian connections, designing custom luxury and explorer yachts. Comparable to MID's yacht and high-performance vessel design work and explicitly named as a counterpart in MID's network.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MARITIME INNOVATION DEVELOPMENT LTD