Fish 2.0 returns to the Pacific

Fish 2.0 returns to the Pacific

Pacific Islands Trade & Invest (PT&I), Australia are proud to be a partner of Fish 2.0 that will see two local Vanuatu fishing operators attend Fish 2.0 in Suva, Fiji next week.  Vanuatu will join 29 fishing entrepreneurs from Fiji, Solomon Island, Samoa, Cook Islands, Niue, Tonga, Kiribati, Nauru and Papua New Guinea in a three-day workshop from Tuesday 8 – Thursday 10 November 2016.

“Pacific Islands Trade & Invest is thrilled to be supporting the return of Fish 2.0 to the Pacific. It provides the Pacific fisheries sector and seafood companies with a great opportunity to build their capacity to grow a sustainable business and connect with potential investors, partners and advisers from the US and around the globe,” said Chad Morris, Manager of Investment & Tourism, PT&I Australia.

For many Pacific Island countries the ocean is a vital part of their economy and identity, but the ocean is under tremendous pressure from human activity. From rising sea levels to increasing air and ocean temperatures to shifting rainfall patterns, Pacific nations are among the most vulnerable in the world to the impacts of climate change.

At an international level, the Pacific Islands Forum and governments, including the United States of America are working together towards Sustainable Development Goal 14 on the ocean and the development of sustainable fishing industries to support economic growth. To support the Pacific in developing their own sustainable fisheries industries through direct support for the private sector, in 2015 the US Government granted US$250,000 to bring the Fish 2.0 sustainable seafood business to the Pacific Islands for the first time.

Fish 2.0 is a global business competition that connects seafood businesses with investors, giving entrepreneurs an opportunity to improve their business models, learn about emerging trends and technologies, win cash prizes, gain international visibility, find strategic partners and attract new investors.

“Seafood businesses hold the potential to improve global food security, ocean sustainability, and the livelihoods of local communities. But to transform the seafood industry, these businesses need capital investments to grow and take advantage of new markets,” said the Founder of Fish 2.0, Monica Jain.

Supporters of this year’s Fish 2.0 Pacific Islands workshop and competition track include the U.S. State Department, the Forum Fisheries Agency, Pacific Islands Trade and Invest Australia and the Pacific Islands Forum Secretariat. World Wildlife Fund-Pacific is the regional partner helping with logistics.