#34: Jay Dignan – Cracking The Seaweed Code: How Fucoidan Unlocks A Profitable Business Model The Ocean Age podcast

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#34: Jay Dignan – Cracking the Seaweed Code: How Fucoidan Unlocks a Profitable Business Model

23h ago 1:17:11

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As the founder of BioMara, a marine biotech startup based in Scotland, Jay Dignan is dedicated to transforming regenerative seaweed into functional and healthy B2B ingredients for the food and wellness industries. His professional journey began in New Zealand and includes a diverse range of experiences, from deep-sea salvage and working with Tibetan yak wool to media mergers and acquisitions.

Jay has over two decades of cross-disciplinary experience as a founder, CFO, and strategic consultant. His self-described "squiggly" career path was complemented by an MBA from a UK university. He is passionate about seaweed's potential to contribute to a sustainable future and help feed the world. Jay is focused on finding synergies among researchers, innovators, investors, and business leaders to help realise the promise of the seaweed industry for a healthier planet and healthier people.

Timestamps:

00:00:00 - Intro
00:01:44 - Jay's Background and “Squiggly” Career Path
00:06:50 - The Importance of Diverse Experiences
00:10:33 - The Role of an MBA in an Entrepreneur's Journey
00:14:03 - The Tibetan Yak Herder Experience
00:20:31 - The Challenges of the Western Seaweed Industry
00:24:54 - Frustrations Faced as an Ocean Entrepreneur
00:34:25 - The Founding of BioMara and Its Business Model
00:41:02 - Developing and Validating the biorefinery System
00:43:43 - Understanding BioMara's Core Products
00:46:40 - The Potential of Fucoidan in Human Health
00:54:19 - Lessons from the Ashwagandha and Manuka Honey Markets
00:58:55 - The "Health by Stealth" Approach
01:09:18 - The Process of Building a Founding Team
01:12:54 - A Call to Action for Food and Nutraceutical Companies
Useful Links & Resources:

Jay Dignan on LinkedIn

BioMara’s website: Food & Wellness. Products: Seafibrex & Thalivra & Revyntra

BioMara on Linkedin

Biomara’s White Paper on Fucoidan

Scientific paper by BioMara’s team with an overview of fucoidan, its applications and extraction technique.

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The Ocean Age Podcast is produced by Charlotte Raffo and edited by Nebojsa Lešević. Sarah Carpenter and Giulia Leanza are our research assistants. Eliana Caragia manages Distribution and Engagement.

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