Invest in Sustainable Seafood!
Posted on | December 30, 2009 | No Comments
If you have a bunch of spare cash and believe that sustainable seafood has growth potential, call up Sea Change Management and ask about their Sea Change Investment Fund. The only such fund in the United States, Sea Change is a venture fund investing in companies that “help to expand the market for environmentally-preferable seafood by demonstrating that sustainable seafood is good business for the seafood industry and for investors.”
Based out of San Francisco, the Sea Change fund started in 2005 with half its initial capital from the David & Lucile Packard Foundation and half from private investors. The Packard Foundation is among our country’s largest supporters of innovative ocean conservation initiatives.
To date, Sea Change has invested in six companies chosen for their profit potential and prospective environmental benefits. It targets companies in the middle of the seafood supply chain, such as:
- Ecofish, a small New Hampshire company that sells fresh sustainable fish to restaurants and frozen consumer products under the brand name Henry & Lisa’s Natural Seafood.
- Advanced BioNutrition, a Maryland biotech firm that makes an organic algae-based fishmeal product that can replace fish oils in aquaculture feed. (This could reduce dependence on wild fish stocks and help keep harvest of small oily fish at sustainable levels.)
- Wild Planet, a California-based company that sells cans of albacore tuna caught using sustainable techniques. (See SOP’s article on tuna.)
Innovative and environmentally-conscious companies like these will continue to push the sustainable movement forward. SOP believes that the short term profits and long term stability from investing in sustainable seafood will make Sea Change a viable fund for years to come.
Tags: Advanced BioNutrition > aquaculture > Ecofish > farm-raised > fisheries > ocean > Packard Foundation > restaurant > retailer > Sea Change Investment Fund > seafood > supply chain > sustainable > tuna > Wild Planet
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