A company called Sea Culture, Ltd. plans to begin growing coral in tanks on a "farm" in Sri Lanka. Funded by a group of Canadian investors, the group intends to demonstrate that environmentally friendly methods can be used to farm coral, anemones, invertebrates, and other marine life in demand by marine aquarium hobbyists. This shouldn't be too hard; after all, some people grow coral in their basements.
The investors have already installed 20 tanks on the island. Despite this, however, the group is still waiting for licensure from the country's National Wildlife Service. Once licensed, they plan to hire 10 local kids and train them to run the farms. Ultimately, Sea Culture hopes to have 200 tanks and 56 staff.
I think this sounds like a great idea. In addition to providing people with employment, if this takes off, it might help reduce the illegal coral trade.
[Via Dive News]