NTNU Vitenskapsmuseets blogger Seed bank on Svalbard? By admin ColdGene will have a quite different function than the seed bank on Svalbard. This seed bank is a guarantee for the preservation of plant species and genetic lineages that may go extinct because of various catastrophes around the world. However, the seed bank on Svalbard only contain plants used for agricultural purposes, and do not contain species found in natural habitats. ColdGene will not contain commercial plant strains but rather all sorts of threatened multicellular organisms which are part of Norwegian ecosystems.