Businessweek

Rainbow Coral Corp. intends to build a coral farm facility to develop and propagate (or grow) live coral, independent of oceans, as a future farm reserve against the decline of natural wild reefs. The company intends to grow, harvest, and distribute various hard and soft sizes as possible for use by consumers and as a source for advances in bio-research. The uses for coral as a source of medical discoveries are an opportunity for the company’s coral farming activity. In 2011, the company formed a subsidiary, Rainbow Biosciences, LLC, to look into the opportunities within the bioscience market. History Rainbow Coral Corp. was founded in 2010. The company was incorporated in the state of Florida in 2010.