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Fish 2.0 Tries To Find New Models To Keep Fish Alive And Feeding Us

19/06/2013

The competition challenged businesses to come up with sustainable fishing models that were interesting enough to attract VC dollars. (...)
The competition challenged businesses to come up with sustainable fishing models that were interesting enough to attract VC dollars. For the last 50 years, commercial fishing has meant massive trawlers catching as many as possible until they ran out. As populations have plummeted around the world, this business-as-usual has become a death sentence for species from cod in Canada to tuna in the tropics (PDF) (both fisheries are now functionally extinct). Because fisherman can now wipe out a tenth of a species in less than 15 years, dozens more are destined to follow in their wake. Now a business competition is trying to sink this model by financing new ways of doing businesses. The Fish 2.0 competition solicited seafood businesses from around the world and matched them with investors plunging into sustainable fisheries. It’s been a welcome burst of progress after 20 years of creeping advances, says Monica Jain of Manta Consulting in Carmel, California, who founded the competition. She says she launched Fish 2.0 to solve three issues holding back sustainable fisheries: too few deals ready for investors, too many small businesses unprepared to scale, and no way to bring these groups together.Read Full Story    
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