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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.
Foundation: Minneapolis Foundation
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"You also increase the likelihood of having severe sleep apnea by 40%," lead author says.The study used about two years of sleep data from more than 125,000 people worldwide.The risk of having a...more
The Fourth International Conference on Financing for Development (FFD4) presents a critical opportunity to reform financing at all levels.UNDP will host a side event at FFD4 in Seville titled "From...more
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Social Entrepreneurship
Spotlight
When it Comes to Social Enterprises, Failure is the Best Platform for Innovation
In the world of social enterprises, failure is a cringe-worthy moment nobody wants to talk about. But, social entrepreneurs can benefit from their failures.