"The finalists—winnowed from an initial pool of 184 entrants—stand out for their "market traction, global character and high potential for impact on the seafood sector."
Fish 2.0 on Monday released the names of 40 companies that will pitch their ideas to investors Nov. 7–8 during the Fish 2.0 Innovation Forum at Stanford University, the culminating event in the Fish 2.0 2017 competition for sustainable seafood businesses.
The finalists—winnowed from an initial pool of 184 entrants—stand out for their "market traction, global character and high potential for impact on the seafood sector," the group said. About 50 percent of the finalists are post-revenue businesses, and more than half are based outside the United States.
“This is the strongest group ever,” said Monica Jain, Fish 2.0 founder and executive director. “The level of innovation is potentially both system-changing and very profitable. We’re seeing the rise of ‘seatech’—new monitoring, visibility, production and processing tools for the seafood industry—as well as other advances that remove barriers to growth and sustainability for fishers, farmers and buyers throughout the value chain.”
At the Innovation Forum, the 24 highest scorers will give 3-minute pitches to panels of expert judges. They will present in four groups: ventures taking pressure off wild fisheries; aquaculture production and related technologies; transparency, traceability and fisheries technology; and supply chain innovations, including new paths to market for fishers. The winners will receive cash prizes.
The remaining 16 finalists will give 90-second pitches directly to the audience of 300 seafood experts and investors, who come to Fish 2.0 to share knowledge and find opportunities. The audience will vote on the companies they most want to follow up with.
In addition, all finalists are eligible for ICX (Industry Connection) prizes, which provide exceptional networking and mentoring opportunities.
Fish 2.0 connects entrepreneurs and potential investors, partners and advisors who help them accelerate impact and growth. Investors and advisors get early access to investment opportunities and learn about emerging technologies and trends.