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In The News.
In The News.
(Image credit: Schmidt Marine Technology Partners)
Schmidt Marine Technology Partners, a program of the Schmidt Family Foundation, has awarded $3.5 million in grants to ten organizations and universities in seven countries for the development of new tools and innovations that will improve the sustainability of global fisheries, the program announced.
“Tens of millions of jobs around the world depend on fisheries, and seafood is the primary protein source for 3 billion people,” said Wendy Schmidt, president and co-founder of the Schmidt Family Foundation. “The innovators chosen to receive these grants are ensuring that fishers and fisheries—and by extension all of us who rely on them—are secure and sustainable worldwide.”
Although more investors are funding ocean technology today than in years past, developers need considerable early-stage support to advance from an idea to wide use of a technology. The sustainable fisheries initiative—to which Schmidt Marine has committed $2 million in new funding, with partners Oceankind and Builders Initiative contributing the additional $1.5 million—aims to address that gap.
(Image credit: Schmidt Marine Technology Partners)
“Increasing the sustainability of fisheries is challenging, but we think that both technology and philanthropy have important roles to play,” said Mark Schrope, director of Schmidt Marine Technology Partners. “We try to take a realistic approach by focusing on solutions that offer significant benefits not just for the environment, but also for the fishers themselves.”
The 10 projects selected for grants—ranging from $150,000 to $500,000—seek to reduce bycatch, prevent illegal fishing, improve data collection on fisheries and fish populations, and increase the transparency of a fish's journey from ocean to table. A team of seven expert advisers and additional tech reviewers from nonprofits, government, and industry helped evaluate proposals from a pool of 200 applications from 20 countries across six continents. Schmidt Marine selected grantees based on the environmental benefits of their proposed ideas, as well as their incorporation of sound fisheries science and management principles, and, where applicable, the practical appeal of the new technologies to fishers.
(Image credit: Schmidt Marine Technology Partners)
The funding recipients are: