The seafood industry is notorious for opacity, fraud and egregious labor abuses. The Fish 2.0 competition has become a go-to source for investors looking for companies that can tap the growing demand for seafood and reverse the depletion of the world’s oceans.
The third round of the competition opened with 19 sponsors including USAID and the Packard, Moore and Walton Family Foundations. Finalists will vie for $50,000 — and attention from investors at Stanford University in November.
Meanwhile, Catalina Sea Ranch in Southern California raised $2 million to expand its offshore mussel production and develop its “Ocean Internet-of-Things” monitoring and data tracking platform for sustainable aquaculture.