Fish 2.0: Seafood Business Competition
February 1, 2013
The increase in demand for sustainable seafood is creating new markets and opportunities for business growth in fishing and aquaculture, but finding sound investment opportunities can be challenging. On January 29th, a group of investors interested in sustainable seafood launched Fish 2.0, a new business competition designed to increase the number of successful businesses in sustainable fisheries and aquaculture.
Fish 2.0 – Where Seafood Businesses and Investors Connect brings business owners and investors together to develop new connections and benefit from one another’s expertise. Participants will present their business ideas to interested investors, receive free advisory services from investment experts, and compete for up to $75,ooo in cash prizes. Investors, in turn, will gain insights into opportunities in the field, access to potential investments, and connections for due diligence work. Future business deals stemming from the competition could result in debt and equity financing on the scale of $100,000 to $10 million.
RSF Social Finance is among a group of impact investors sponsoring the competition. Other sponsors include Social-Impact International, A-Spark Good Ventures, and KL Felicitas Foundation, as well as several philanthropic organizations interested in sustainable seafood. Manta Consulting, Inc. oversees and runs the competition.
The competition is easy to enter and open to any fishing business in the wild capture sector. Aquaculture businesses must be focused in supply chains or production of seafood from recirculating, closed containment systems to qualify. Participants will be judged on their business models, presentations and investment readiness. While not required to enter, finalists will also receive points for their ability to improve the long-term economic and environmental sustainability of the sector in local communities. To compete, submit your business idea by March 31, 2013 at www.fish20.org.