June 4, 2019 — The 2019 Aquaculture Innovation Challenge, a competition designed to encourage innovation in Indonesia’s shrimp aquaculture sector, has named five finalists, with a winner to be chosen on 28 June.
All five finalists will receive mentoring from business coaches from representatives of the business, financial, and scientific sectors. The winner will be awarded USD 50,000 (EUR 43,400) and admission to Hatch Blue’s three-month aquaculture accelerator program, and given access to the business incubator’s global network of industry professionals and investors, adding up to a cash and in-kind prize worth USD 100,000 (EUR 86,800), in exchange for a small equity stake.
The contest is organized by the Seafood Trade Intelligence Portal (STIP), Solidaridad Network, Fresh Studio, and Bogor Agricultural University, with support provided by the Global Aquaculture Alliance, Hatch Blue, and The Walton Family Foundation.
“It’s great for the AIC to support the Indonesian shrimp industry to become more sustainable, through the support of these promising innovations, an additional success to see several Indonesia-based innovations reach the finals. They are a part of the Indonesian shrimp industry, which this rendition of the AIC aims to support,” STIP Operational Manager Sander Visch said.