Indonesia's seafood farming industry faces a 'technology gap' — and startups are raising big bucks to fill it

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Indonesia's seafood farming industry faces a 'technology gap' — and startups are raising big bucks to fill it - CNBC

Quick Summary:

"A lot of decisions made are based on gut feeling or what ancestors have been doing for the past 60 years," says one startup's co-founder and CEO.

But there's another reason: A "technology gap" is holding the industry back from realizing its vast potential, according to investors and startups that CNBC spoke to.

Small-scale fisheries make up about 90% of the total number of fishers, according to the Marine Policy journal of ocean policy studies."In terms of productivity and efficiency, they are still very traditional," Aslam said.