Oceana Group Invests $1.5 Million in Seafood Innovation Fund

Oceana Group invests $1.5 million in the Hatch Accelerator Fund II to support early-stage seafood innovation. The total fund size is $12 million, targeting environmentally sustainable practices. CEO Neville Brink sees this as a move towards long-term sustainable returns and access to international seafood innovation networks.

The Oceana Group has announced a commitment of $1.5 million (R29 million) to the US-based Hatch Accelerator Fund II, which is dedicated to funding early-stage companies that develop innovative seafood systems, processes, and technologies. The fund, which has a total investment pool of $12 million (approximately R226 million), aims to support around 30 portfolio companies over the next decade, focusing on achieving solid financial returns while promoting environmentally sustainable practices.

Oceana’s investment in the Hatch Accelerator Fund II signifies its strategy to align long-term sustainable growth with innovation in the seafood sector. By tapping into Hatch Blue’s expertise and network, Oceana aims to leverage emerging trends and technologies effectively. This move not only contributes to its diversification strategy but also enhances its commitment to sustainability and value creation for stakeholders.

Original Source: www.zawya.com