Fish 2.0 Business Competition Connects Seafood Businesses with Investors through Innovative Contest

 

Wiscasset, Maine – New England fisheries and aquaculture businesses are invited to apply to participate in Fish 2.0, an innovative business competition designed to advance sustainable seafood businesses and connect them with investors. Maine-based Community Development Finance Institution (CDFI) Coastal Enterprises, Inc. (CEI) is a sponsor of the competition, which gives seafood businesses an opportunity to gain visibility, find strategic partners and, ultimately, garner new investments in the range of $100,000 to over $10 million. Investors gain early access to new deals and learn how sustainable seafood can help build their portfolios. The deadline for businesses to sign up for the competition is April 27. Businesses can apply at www.fish20.org.

In this year’s competition, businesses from around the world will vie for over $180,000 in cash and service prizes, along with direct connections to industry leaders. During the competition finals at Stanford University in November, 36 finalists will present their ideas to investors. Fish 2.0 is open to both established companies and early-stage enterprises, and there is no fee to enter. Maine’s Acadia Harvest was a runner-up in the Fish 2.0 finals last year.

“CEI has a 35-year history of investing in fisheries and aquaculture, and we’ve seen both financial and impact performance from these deals,” says Dick Clime CEI’s Working Waterfront Project Developer, who served as a competition advisor last year. “Fish 2.0 draws a large number of new, quality businesses to the attention of investors, and also enables them to develop their business plans and access needed capital.”

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News about the 2015 Competition