it en

Aquaculture: 20 mln euro from the EIF under InvestEU

Support for the venture capital fund Blue Revolution Fund to boost innovation and sustainability

08, Mar 2024

The European Investment Fund (EIF) has announced its support for the venture capital fund Blue Revolution Fund, providing EUR 20 million under InvestEU and investing in early-stage aquaculture businesses, driving innovation and sustainability in the sector.

The fund is managed by Hatch Blue, with a team of investors with extensive experience in the aquaculture sector. The fund aims to contribute to the restoration of the marine ecosystem in collaboration with The Nature Conservancy, which will provide conservation and sustainability advisory services. The Blue Revolution Fund aims to address market failures and gaps in the aquaculture sector by bringing capital to support the commercial production of fish, shellfish and seaweed, introducing sustainable technologies and alternative seafood protein solutions. The fund's strategy is in line with the objectives of the Green Deal and the strategic goals of the European Union.

News correlate