
Area of Technology:Agro & Food Processing
Title of the Innovation: Liquid seaweed plant bio-stimulant (LSPB) from brown algae-sargassum
Brief About Innovation
India being agriculture country, there is considerable demand for developing low cost bio fertilizer that can affordable even by marginal farmers for enhancement of crop yields & quality. The residue generated while producing liquid fertilizer can be used as a feedstock for making a commercially important products such as cellulose, carbon materials, for desired applications etc. It is tested for enhancing the crop yield & quality. LSPB and its solid formulations shows excellent enhancement in crop yields from 13 to 28%.
Salient Technical Features:
Business scope & opportunity (in terms of scale, cost, market etc.):-
India import large quantity of seaweed fertilizer that involves high foreign exchange exchequer (tentatively estimated at 800-1000 crore).The technology has already been transferred to 10 industries for commercial production in India & revenue opportunity potential of licensee (in the near term) - ~₹20 crore.
Major Raw Materials Needed: Brown seaweeds (Sargassum spp.)
Status of Commercialization: Commercialized
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