A Sitka-based seafood processor has won an innovation award — although it hasn’t processed much fish yet.
Northline Seafoods was one of nine international organizations recognized by Fish 2.0, at its Innovation Forum at Stanford University earlier this month.
The award has a cash component, but Northline’s co-founder hopes the big prize is new investment in what his company considers a higher-quality product.
Just 40 companies remain in the US-based Fish 2.0 sustainable seafood competition and will pitch to investors, Nov. 7-8, at Stanford University, California, the organizers announced Tuesday.
“This is the strongest group ever,” said Monica Jain, the founder and executive director of the every-other-year competition, which started this time with 184 initial competitors and had been narrowed to 70 before the latest elimination round.
Among the remaining finalists are VakSea, a Baltimore, Maryland-based company that has come up with a new way to deliver vaccines to fish, and OneForNeptune, a company with offices in California and New Mexico that’s making jerky out of white fish offcuts. Undercurrent News took a look at both companies in an article last month.
FORTY companies have been named as finalists in this year’s Fish 2.0 competition, which aims to connect seafood businesses with investors.
The finalists, selected from 184 entries, have been selected for their market traction, global character and high potential for impact on the seafood sector, said the competition organisers.
They will now have the opportunity to pitch to investors during the Nov. 7–8 during the Fish 2.0 Innovation Forum at Stanford University from November 7-8, after which winners will be announced.
"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.
"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.
There was a big fillet of king salmon on my cutting board, a shimmering, deep orange, magnificent in its heft. It resembled the farmed salmon you see at the supermarket all year long in the same way a perfect, just-picked peach from the orchard resembles the one in syrup you’re served on an airplane. It was glistening with hard-earned fat, a product of thousands of miles of migration and eating, from birth in the snow-fed headwaters of Alaskan rivers to a life lived in the sea beneath. Wild salmon takes its bright color and derives its rich flavor from the forage it hunts on its journey away from and back to home, not from the pellets a farmer selects for hue and feeds the fish as they swim lazily in a pen.
I pan-roasted mine in foaming butter backed up by the instant zip and high heat of jalapeño peppers. When I had consumed it in a rush of pleasure, I got to thinking about where such salmon come from, who catches them and how they make their way across the United States.
Imagine a fish robot that mimics the movements of real fish while monitoring the pH level of an aquaculture farm and warding off predators.
That’s the type of machine that Aquaai, a Delaware-registered C corporation, is commercializing. The company has developed five prototypes for its new bio-inspired vehicles and is in the process of pitching its idea to major investors and potential customers in preparation for a round of seed funding, or potentially a series A funding round, this fall.
“Everyone’s amazed that you can make a system that looks and swims like a real fish,” Liane Thompson, co-CEO of Aquaai, told Undercurrent News.
The business competition Fish 2.0, now in its third installment, is evolving into a nexus of communication that is helping fight fragmentation in the seafood industry, according to its founding director Monica Jain.
Held every two years after an inaugural 2013 edition, Fish 2.0 is an open call for entrepreneurs and business owners in the seafood industry to propose their projects and get feedback from investors and industry professionals, as well as possible financial backing.
The four-phase competition pares the proposals it receives down to a group of finalists that present at Stanford University to a room full of investors, consultants and other businesses owners.
Undercurrent News: Fish 2.0 2017 competition opens West Coast track with investment event in Seattle
Fish 2.0: Fish 2.0 2017 Competition Opens West Coast Track with Investment Event in Seattle
Fish 2.0, the global competition and network for sustainable seafood businesses, is kicking off its new West Coast track April 4 with a free daylong workshop and networking reception in Seattle, the event organizers said in a release.
The competition is "focused on engaging investors, sparking relationships among entrepreneurs, and building connections within the region’s seafood industry", the release said.
The workshop, open to seafood entrepreneurs from the West Coast and Alaska, provides coaching on how to communicate persuasively with investors and seafood buyers.
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April 4 workshop and reception for Alaska, California, Oregon and Washington seafood businesses focuses on building networks and sparking interest from investors and buyers
The intensive workshop, open to seafood entrepreneurs from the West Coast and Alaska, provides coaching on how to communicate persuasively with investors and seafood buyers. It also gives participants opportunities to meaningfully connect with other innovative seafood businesses that could be key partners. To attend, entrepreneurs must register online and be invited.
Salmon is the heart of Alaska fisheries — it almost singlehandedly spawned the push for statehood nearly 60 years ago. A new Alaska Salmon Fellows program wants to make sure Alaskans are poised to "shape the future" of the fish, and it is investing in the people to do so.