American Unagi Wins Short Pitch Competition

PALO ALTO, CA, November 8, 2017 — Fish 2.0 closed out its 2017 Innovation Forum today by awarding cash prizes to the eight seafood ventures earning the highest scores in this year’s Fish 2.0 business competition. The winners are simplifying supply chains while increasing income for fishers and farmers, bringing to market creative approaches to aquaculture production and traceability, and getting consumers excited about seafood.

Audience chooses favorites in short-pitch session

The 17 remaining finalists delivered 90-second pitches directly to the audience of about 250 investors, business leaders and government representatives, who voted for the company they most wanted to follow up with. The top vote-getter was American Unagi, a Thomaston, Maine, company that grows locally harvested glass eels to market size in a land-based aquaculture system, providing a sustainable eel option for the domestic market while creating economic opportunity in a rural area.

The 39 companies presenting at the finals emerged with top scores from an initial field of 184 and prevailed in a particularly strong semifinalist field of 80 ventures. During Fish 2.0’s seven-month competition program, which took place online up to the finals, businesses received feedback from investor-judges and worked with business and impact advisors to develop their strategies, integrate positive impacts and metrics into their plans, and position their enterprise for investment. At least six judges scored each competitor that reached the finals.

“The power of this event is seeing a lot of different companies approaching similar problems with a variety of technologies,” said Dan Pullman of Fresh Source Capital, a judge on two panels. “I can compare their presentations, talk to them and get to know them. I’m impressed—the entrepreneurs are very well prepared. They are ready to be communicating to investors.”

About Fish 2.0

Fish 2.0 is a Carmel, California–based social enterprise that connects investors and entrepreneurs to grow the global sustainable seafood sector. Working through Fish 2.0’s expanding global network, regional workshops and other events, and competition platform, Fish 2.0 participants collaborate to drive innovation, business growth and positive impact. Everyone benefits: Entrepreneurs meet potential investors, partners and advisors. Investors and advisors get early access to investment opportunities and learn about emerging technologies and trends. Industry leaders gain direct access to sustainable seafood suppliers and partners.