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The Blue Revolution Fund has closed its $93 million round of funding, which will allow it to invest in more than a dozen early-stage aquaculture ventures that aim to improve ocean health, address the impacts of climate change, and support coastal communities, the Fish Site reports.
"With the right practices and technologies, aquaculture can be a force for good, providing a low-carbon food source while actively supporting ocean health," says Robert Jones, director of global aquatic food systems for the Nature Conservancy, which advised the fund.
"Through strategic investments, BRF aims to accelerate the development and adoption of technologies and farming practices that have the potential to move aquaculture closer to realizing its nature-positive potential."
Hatch Blue, the investment manager for the fund, says it plans to invest in next-generation fish farms, regenerative seaweed and bivalve farming, nutrition, enabling technology, health and genetics, and alternative seafood.
"The Blue Revolution Fund is an example of a scalable investment solution that not only delivers a financial return to investors but also models a more sustainable approach to aquaculture investing by building measurable conservation outcomes into every investment," says Lauren Ferstandig of the Nature Conservancy, which will act as BRF's conservation manager.
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
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Social Entrepreneurship
Spotlight
Is Corporate Philanthropy Dead?
Senay Ataselim-Yilmaz, Chief Operating Officer, Turkish Philanthropy Funds, writes that philanthropy often solves the very problems that stems from market failure. Some social issues, however, cannot be tackled by questioning the return on investment.
