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Good practice Imported

Turning Invasive Sargassum into Jobs — Compete Caribbean's Backing for Saint Lucia's Algas Organics

Saint Lucia · Dennery · See the Saint Lucia profile

Evidence: Descriptive / self-reported Top 63% 62/100 · Ask Evidence Copilot about this practice

Compete Caribbean's IDB-backed blue-economy grant (RG-T3560) matched US$250,000 in co-financing for Algas Organics, a Sargassum-seaweed bio-fertiliser firm in Dennery, Saint Lucia, helping it create 32 jobs — 20 for women — and leverage further IDB Lab and bank financing.

250,000 US$
Compete Caribbean matching-grant financing (2020–2023 (RG-T3560))
250,000 US$
Counterpart investment matched by the firm (2020–2023)
32 jobs (20 for women)
Jobs created (following Compete Caribbean support)
200,000 US$
Follow-on IDB Lab grant secured (after RG-T3560)
125,000 US$
Follow-on loan secured (after RG-T3560)
Turning Invasive Sargassum into Jobs — Compete Caribbean's Backing for Saint Lucia's Algas Organics

Details

Maturity
Scaling
Promoter
Compete Caribbean Partnership Facility (IDB) / Algas Organics Ltd.
Period
2014–2023
Keywords
blue economy, bio-fertiliser manufacturing, SME scale-up, women's employment

Context

Registered in 2014 by founder Johanan Dujon, Algas Organics set up what is documented as the world's first Sargassum-seaweed processing facility at La Caye, Dennery, on Saint Lucia's east coast, converting the invasive seaweed choking local beaches and fishing grounds into an organic bio-fertiliser, 'Algas Total Plant Tonic', launched in 2015. Early funding came from the Global Environment Facility's Small Grants Programme and UNDP, alongside the Saint Lucia Fisher Folk Co-operative Society.

Activities

Through project RG-T3560 (2020–2023), the IDB-executed Compete Caribbean Partnership Facility — funded jointly by the IDB, the UK's FCDO, the Caribbean Development Bank and the Government of Canada — provided US$250,000 in matching-grant financing alongside US$250,000 in counterpart investment, after assessing the firm's management capacity to scale, access new markets and leverage further funding.

Results

The support helped the company go on to secure a further US$200,000 grant from IDB Lab and a US$125,000 loan, and is credited with creating 32 new jobs, 20 of them for women.

Conclusions

As a single-firm case study rather than a sector-wide programme, its results are specific to this company; broader diffusion of the Sargassum bio-fertiliser model to other Caribbean coastal communities has not been independently documented in available sources.

Implementation

Indicative cost
Low (< €50k) — US$250,000 matching grant plus US$250,000 counterpart investment via RG-T3560 (2020–2023); a further US$200,000 IDB Lab grant and US$125,000 loan followed.
Time to results
Medium (1–3 years) — Company founded 2014; product launched 2015; Compete Caribbean support ran 2020–2023, with follow-on financing after.
Staffing & skills
Algas Organics Ltd. (founder Johanan Dujon), Compete Caribbean Partnership Facility (IDB-executed), Saint Lucia Fisher Folk Co-operative Society

Conditions for success

  • Matching-grant financing conditioned on an assessed capacity to scale and access new markets
  • Earlier seed funding (GEF Small Grants Programme, UNDP) that de-risked the initial facility
  • Multi-donor backing (IDB, UK FCDO, Caribbean Development Bank, Government of Canada) at the programme level

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