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Fisheries business competition attracts interest

Litia Matthewsell
Monday, April 06, 2015

A GLOBAL fisheries business competition has attracted more interest than expected from Pacific businesses that are involved in the seafood supply chain.

The Fish 2.0, Where Seafood Businesses and Investors Connect competition was recently held in Nadi to familiarise entrepreneurs with the competition's requirements and opportunities.

"We funded the participation for only 25 participants but about double that number applied and some have opted to come at their own cost," said Monica Jain, whose US-based company Manta Consulting runs the competition.

Fish 2.0's first competition began in 2013, and its reach into the Pacific region this year has been backed by the US State Department.

"We hope the Fish 2.0 will foster the growth of businesses and investment in the Pacific islands, facilitate diaspora mentoring connections and support the development of sustainable fisheries, technologies and supply chains to protect global oceans," US ambassador, Judith Cefkin noted.

She said her government's support for Fish 2.0 originated from the 2012 Pacific Islands Forum in the Cook Islands, where new programs totalling over $32 million was announced by the US State Department.

"One of these programs was an initiative to foster collaboration between local Pacific Island entrepreneurs and members of the Pacific Islands diaspora through the State Department's partnership with the International Diaspora Engagement Alliance."

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