Oyster businesses, oral vaccines and a land-based eel farm among the tantalizing seafood investment opportunities
At the Fish 2.0 Innovation Forum last week, a few dozen visionary seafood entrepreneurs cast their lines in a room full of seafood-focused investors, hoping to find one (or more) who could catapult their business to commercialization.
For some, the global connections forged at the event were reward enough. But for others, their dreams took a step forward toward reality.
Held at Stanford University in Palo Alto, Calif., the biannual conference/competition showcased 40 new seafood businesses, or related services, from around the world. Each was represented by a single entrepreneur who had mere moments – some had 90 seconds, others a full three minutes – to win over a panel of expert judges (not to mention a room of 200-plus attendees) evaluating their pitch, their product, their technology, or their business model.
Event Founder and Executive Director Monica Jain, whose team vetted 184 applications – many of which were “investment-ready businesses” – said the record-high interest indicated the fast pace of change throughout the sector.