Denmark: Netherlands-based sustainability group, the Seafood Trade Intelligence Portal (STIP) as well as the organizations Fresh Studio and Solidaridad will kick off the Aquaculture Innovation Challenge on Dec. 6 in an effort to close "gap between innovators and impact investors in the aquaculture sector, STIP said in a release.
"By 2050, aquaculture production will need to grow by another 70 million [metric tons] to meet the world’s seafood demand...the role of entrepreneurs will be the key to creating necessary innovations for a sustainable aquaculture sector," the release said.
"In order to realize ambitions and innovations for the sector, access to finance and capital is critically important. Finding bright minds and enabling them to realize their ambition by connecting them to finance and capital is the target of the Aquaculture Innovation Challenge."
The challenge is open for online and offline applications from Dec 6, 2016 until Feb. 18, 2017.
Finalists will be invited to an intensive business plan bootcamp and pitching event. The best business plans will be awarded a cash investment for initiating the business plan. Winners will be announced in June.
The challenge seeks to find innovators for three categories: design, demonstration and upscaling.
In April Undercurrent News reported that STIP had launched the 'sourcing and investment intelligence' section of its online database in an effort to drive transparency in supply chains.
The free database aimed to give a reliable and complete picture of all available information about the seafood sector in specific countries.