Eight of the 40 companies to reach the finals of this year’s Fish 2.0 competition are involved in, or have links to, the culture of bivalves – a measure of the innovative ideas emerging from, and being devoted to, the US shellfish farming sector.
“Oyster ventures are innovating and growing, markets are changing, and investors are beginning to realise the potential for investing in this sector,” says Fish 2.0 founder and director Monica Jain. “And this year – helped by having sponsored tracks from both the Southeast US and the Gulf Coast, and the Northeast US – there have been several strong contenders.”
She believes the number of bivalve-related businesses taking part in the competition is a reflection, at least in part, of the change in the demographics of an industry that’s traditionally been associated with older participants.
“Many of the oyster ventures that have entered the competition are being led by people in their 30s and 40s and are applying cutting-edge technology to both the production and marketing sides of the business,” she explains.