The biodiversity of microalgae is enormous and they represent an almost untapped resource. It has been estimated that about 200,000-800,000 species in many different genera exist of which about 50,000 species are described. Over 15,000 novel compounds originating from algal biomass have been chemically determined. Most of these microalgae species produce unique products like carotenoids, antioxidants, fatty acids, enzymes, polymers, peptides, toxins and sterols. AIB has taken into task to aggregate different microalgae species in this region and propagate them in the laboratory. Research is also being conducted to see the potentials for these microalgae as a basic DNA for our food product and other consumer need.