Maiken Foods AS was established in 2021 in Måløy, Norway with the ambition of commercializing land-based salmon farming. Members of the team have built several of the tanks planned constructed in phase one in Portugal. Parallel, the organization will be strengthened to work out the business plan to execute phase two of the project.

The investments will cover operation costs and solicitors, and architects required to obtain operation licenses in Portugal and to secure the implementation of the branding strategy.

Also, the initial investments will pay for the land lease in Portugal for the first year and to secure the company’s IP and IPR. Maiken seeks to enter into a cooperation with a consultant company from Oslo headed by experts from the Norwegian banking/cooperate finance industry to assist Maiken in the coming funding processes.