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Seaweed Cultivation became the best business idea

Published: 16 January 2015

An seaweed cultivation for biogas production was best business idea when students from Luleå University of Technology presented viable business plans in Boden.

- It's only a matter of time before such a facility becomes a reality and as the oil runs dry, biogas is a good option, says Sanna Kuula, a student at the university and one of six lucky economists in the winning group.

Seaweed Cultivation in connection to the server halls

The intended algae cultivation would be located adjacent to the server halls in Boden where activities could benefit from the waste heat from the halls and municipal wastewater. The algae will then be upgraded to biogas that can be used as fuel and for heating buildings in the municipality. The business plan was inspired by similar activities abroad.

- I googled on the latest trends in sustainable development and found examples of algae cultivation for biogas mainly in Japan and thought that it should be possible also in Boden, says student Christopher Olsson. What group will do with the premium of 5,000 thousand swedish crowns is still unclear.

- Right now everything feels just unreal but we'll do something nice together, says Niclas Bellmyr.

Five had to meet the dragons

Work with the business plans have been implemented in a so-called integration course in MBA education where more than 100 students have developed sustainable business ideas in cooperation with the local authority in Boden. During the day in Boden all the students got to present their business plans, which were then screened down to five groups who faced  a dragons den consisting of representatives from LTU Business, Länsstyrelsen, Handelsbanken, and ALMI Företagspartner. Among the other business ideas were headboards made from recycled materials, price per kilo of garbage to increase recycling and environmentally friendly student accommodation in Boden.


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