Seafish launches Strategic Investment Fund for seafood innovation

A first call has been placed for proposals for Seafish’s new funding initiative, which seeks to support innovation that delivers strategic value to the seafood industry at large.

Organizations based in the U.K. developing seafood supply-chain and quality orientated projects are encouraged to submit their proposals for consideration under the Strategic Investment Fund (SIF), a EUR 750,000 (USD 835,634) flexible investment opportunity.

Over the course of the next three years, Seafish will use SIF to reward research and development in areas that coincide with company’s objectives to promote consumption, enhance reputation and inform decision-making in the seafood industry. Seafish will make a total of EUR 250,000 (USD 278,649) available annually through SIF, handing out a maximum of EUR 75,000 (USD 83,594) for individual projects each year.

For this initial short proposal call, which runs from 1-31 July, Seafish is looking for projects that demonstrate the following:

  • Improve supply-chain efficiency and reduce waste
  • Improve the uptake of currently underutilized species
  • Identify innovative solutions for maintaining the integrity of seafood products

Proposals will be assessed on their value for money and return on investment as well as the relevance to current Seafish work, technical merit and success metrics, Seafish explained.

“The Seafish mission is to support a profitable, sustainable and socially responsible seafood industry and we are continuously looking for ways to achieve this goal with the resources we have,” said Phil MacMullen, Head of Strategic Investment at Seafish, in a statement. “The Strategic Investment Fund aims to provide us with a flexible, ‘light touch’ means of commissioning research and development, helping us to deliver the commitments we have set out over the next three years.”

The launch of SIF coincides with the Seafish 2015-2018 Corporate Plan. “Other innovative projects that support the work outlined by Seafish over the next three years will also be considered and further tranches for specific proposals will be announced across the year,” Seafish said.

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