A wave of change is upending the seafood business as we know it. Here’s what it means for everyone from investors to fish stick aficionados.
It’s 2027, and we’re no longer gorging ourselves on shrimp. Or tuna. Or salmon. Not because they’ve disappeared from the oceans or we’re appalled by how they’re produced, but because we’re eating so many other delicious fish from land and sea — like porgy, dogfish, lionfish, barramundi, and others we’ve yet to meet.
Our old favorites are still around. We've stopped loving them to death and have figured out how to both scale up fish farms and produce fish-free feeds for aquaculture so that we can grow low-impact, high-quality seafood.
We also know exactly what fish we’re eating and where it comes from — sometimes we even know the fishers by name — so we can make confident choices based on nutrition and sustainability factors. Fishing communities are healthier too: they serve local as well as export markets, and new seafood products boost their economic base. Unsustainable seafood just doesn’t sell: consumers walk away from it the way they avoid foods with transfats today.
Undercurrent News: Fish 2.0 2017 competition opens West Coast track with investment event in Seattle
Fish 2.0: Fish 2.0 2017 Competition Opens West Coast Track with Investment Event in Seattle
Wilmington Biz: Fish 2.0 Workshop Draws Seafood Industry Startups
UNCW News: CREST Campus, MARBIONC to Host “Fish 2.0” Workshop Promoting Sustainable Seafood
Houma Today: Workshop, competition offered for shellfish-related businesses
NC IDEA: NC IDEA Foundation Awards Ecosystem Partner Grant to Marine Bio- Technologies Center of Innovation
WilmingtonBiz: UNCW Announces Shellfish Workshop, Initiative For Businesses
Fish 2.0, the global competition and network for sustainable seafood businesses, is kicking off its new West Coast track April 4 with a free daylong workshop and networking reception in Seattle, the event organizers said in a release.
The competition is "focused on engaging investors, sparking relationships among entrepreneurs, and building connections within the region’s seafood industry", the release said.
The workshop, open to seafood entrepreneurs from the West Coast and Alaska, provides coaching on how to communicate persuasively with investors and seafood buyers.
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Oysters, crab, shrimp, lobster and scallops were on the menu at this week’s Fish 2.0 South Atlantic & Gulf Coast Shellfish Workshop, hosted by University of North Carolina Wilmington at the university’s MARBIONC facility.
Fish 2.0, founded by executive director Monica Jain, uses a competition platform to connect seafood innovators, investors and industry experts so that promising ventures could find funding and knowledge resources.
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April 4 workshop and reception for Alaska, California, Oregon and Washington seafood businesses focuses on building networks and sparking interest from investors and buyers
The intensive workshop, open to seafood entrepreneurs from the West Coast and Alaska, provides coaching on how to communicate persuasively with investors and seafood buyers. It also gives participants opportunities to meaningfully connect with other innovative seafood businesses that could be key partners. To attend, entrepreneurs must register online and be invited.
The Geomar acquisition is only the beginning of seafood investments the Walton family-backed holding company Pescador Holdings has its eye on.
The investors behind the deal view this as a beginning step in the execution of core firm goals, and they have the backing to execute them; a link to one of the wealthiest families in the world.
Suddenly, oceans are everywhere.
The run-up to the big United Nations Ocean Conference in June began with last week’s preparatory conference and the first voluntary commitments to meeting Sustainable Development Goal No. 14: Conserve and sustainably use the oceans, seas and marine resources. The drumbeat continues this week with the World Ocean Summit in Bali, where investors are assessing the scale of the ocean opportunity.
Startups in seafood and aquaculture technology raised $193 million in 2016, a 271% increase on the $52 million raised across both 2014 and 2015, according to AgFunder research.
Investment in seafood-related startups grew in 2016 as investors and entrepreneurs are starting to slowly wake up to the huge opportunity the market presents.
Congressman Seth Moulton, D-Salem, has been a strong advocate for the North Shore and New England fishermen whose bottom lines he says are hurt by the National Oceanic and Atmospheric Administration's imposed catch limits on them.
Federal catch-limit regulations, he argues, are burdensome and often put in place based on outdated data that doesn't actually comport with what's happening with fish stocks, given migration patterns and ocean currents, among other changing variables from year to year. The result has spawned a longtime bitter battle between NOAA and fishermen.
"The reality is the fishermen very strictly have to follow NOAA's estimates when the fishery has been all over the map," said Moulton. "Some years have been abundant while others not so much."
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Convocatoria organizada por Endeavor y Fish 2.0 busca conectar a startups con inversionistas.
Con el objetivo de aumentar la red de contactos de los emprendedores del rubro pesquero, Endeavor Chile, como partner regional de Fish 2.0, invita a las empresas ligadas a esta industria a postular al concurso que se realizará en noviembre próximo en la Universidad de Stanford, California. />
Fish 2.0 busca conectar a negocios sustentables del mundo pesquero con inversores y expertos de la industria, con el objetivo de entregar una asesoría y obtener acceso a nuevo capital o socios.
- La convocatoria que busca conectar a las empresas con inversionistas del mundo pesquero y potenciar el sector agropecuario, se llevará a cabo en noviembre en la Universidad de Stanford, California.
¿Quiénes pueden participar? Todas las empresas, incluyendo start-up, relacionadas con la industria pesquera o ligadas a la comercialización de los productos y/o la cadena de suministro.
Fish 2.0 will hold a free three-day business development workshop for South Atlantic and Gulf Coast shellfish entrepreneurs at the University of North Carolina Wilmington (UNCW) March 15–17, 2017. Participants will learn how to communicate about their business in a way that attracts interest, practice pitching to investors and buyers, and get advice on integrating social and environmental sustainability into their business strategy. The simple one-page workshop application, available at www.fish20.org/atlanticgulfworkshop, is due by Feb. 13.
Aqua-Spark gives financial boost to LoveTheWild, makers of unique frozen seafood meals.
When LoveTheWild co-founders Jacqueline Claudia and Christy Brouker started looking for investors in 2015, the two could afford to be picky. Their first choice was Netherlands-based Aqua-Spark, an investment fund focused on sustainable aquaculture and one that announced a $2.5 million (EUR 2.3 million) investment in December 2016.
“I identified Aqua-Spark two years ago as an investment fund I wanted to work with because they’re the only ones investing in aquaculture for consumers,” Claudia said. “We’d talked with more traditional food funds and even though the terms of the deal we signed were similar with those of other investors that approached us, at the end of the day I felt our mission was more aligned with what Aqua-Spark was doing. Aqua-Spark knows that aquaculture is a long-term game, while traditional investors are looking for short-term profit.”
Amy Novogratz, a partner at Aqua-Spark, recalled watching Claudia and Brouker present their company at Fish 2.0 in 2015 and being immediately impressed. “They were this incredibly strong team of women. Aquaculture and seafood is still confusing to many people, but they were so clear about how to make choices and they offered such a clear solution – we loved what they were doing from the first minute.”
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Champions of Change recipients say innovation key to industry's growth and acceptance.
Every year for the last eight years the Obama administration has awarded innovators in a range of fields for their transformative contributions to American society. The last installment of these Champions of Change awards, presented in a ceremony held in October, celebrated the work of change-makers in sustainable seafood, from chefs to fishermen to aquaculture advocates.
Aquaculture was represented by several diverse innovators, including Monica Jain, whose social enterprise Fish 2.0 works to develop the field of sustainable seafood; Dr. Kevan Main, head of Mote Marine Laboratory and Aquarium’s aquaculture research program; Byron Encalade, president of the Louisiana Oysterman Association; and Luka Mossman, who works with traditional Hawaiian fishpond aquaculture.
Aquaculture has huge potential but a long way to go toward acceptance in the United States, where much more focus has been placed on ensuring that wild-catch fisheries are sustainable. Aquaculture is arguably the future of the world’s seafood supply, and in the decades ahead farmed seafood may be a primary source of protein for the world’s booming population.
Already, more than 50 percent of the world’s seafood comes from aquaculture, including almost half of the U.S. supply. Still, a mere 4.5 percent of farmed seafood is produced in the Americas, with 88 perfect of farmed seafood originating from Asia.
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There’s a global divide at the heart of the seafood industry: the businesses that most need new technologies are often continents away from the businesses creating them
Small-scale seafood operations in Asia, Latin America, and Africa catch and farm most of the seafood we eat. Startups in the U.S., Canada, and Europe are developing most of the technologies that promise to improve logistics, traceability, fish feeds, and aquaculture production. But distance and limited resources mean these businesses rarely meet. Bridging this divide is an essential step toward both healthy oceans and a healthy, equitable food supply
. Anne Field December 22, 2016.
What a difference a year makes, especially in the life of a startup. About a year ago, we met Salty Girl Seafood and Bureo, two fledgling social enterprises and winners of the Fish 2.0 business competition. Since then, both have expanded and, as often happens with startups, discovered opportunities in unexpected places.
Fish 2.0 Competition Adds Dedicated Track for Southeast Asia Seafood Entrepreneurs
New track guarantees three spots at final event for Southeast Asia participants; February workshop in Bangkok gives entrepreneurs a head start on applying for the global business competition
Fish 2.0, the global competition and network for sustainable seafood businesses, is adding a special track for Southeast Asian entrepreneurs. The track will kick off with a three-day workshop focused on engaging investors and preparing participants to apply for the 2017 competition.
Three-day program in Boston area provides business-building advice and training, plus a head start on applying for the global Fish 2.0 competition; workshop applications are due Jan.
Fish 2.0 will hold a free three-day business development workshop for New England seafood businesses at Salem State University in Salem, Massachusetts, Feb. 6–8, 2017. Participants will learn how to communicate about their business in a way that attracts interest, practice pitching to investors and buyers, and get advice on integrating social and environmental sustainability into their business strategy. The one-page workshop application, available at http://www.fish20.org/newenglandtrack, is due by Jan. 6.