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The EIF provides €20 million to the Blue Revolution Aquaculture Fund

The EIF provides €20 million to the Blue Revolution Aquaculture Fund

The EIF is supported by the venture capital fund Blue Revolution Fund, providing €20 million under InvestEU and investing in early-stage aquaculture companies, driving innovation and sustainability in the sector.

The European Investment Fund (EIF) supports the Blue Revolution Fund (Venture Capital Fund) in promoting sustainable investments in aquaculture supported by the InvestEU Program (PRR).

The EIF is supported by the venture capital fund Blue Revolution Fund, providing €20 million under InvestEU and investing in early-stage aquaculture companies, driving innovation and sustainability in the sector.

“There is €20 million under InvestEU to support the fund and strengthen early-stage aquaculture companies, fill market gaps and promote innovation and sustainability,” the statement read.

The Blue Revolution Fund will contribute to the restoration of the marine ecosystem in cooperation with The Nature Conservancy as a consultant.

The statement revealed that the fund's strategy is in line with the Environmental Charter, with a focus on climate and environmental impact.

The announcement was made by the European Investment Fund (EIF) at BlueInvest.

The fund is managed by Hatch Blue and aims to contribute to marine ecosystem restoration in partnership with The Nature Conservancy, which will provide advisory services on conservation and sustainability.

“The Blue Revolution Fund aims to address inefficiencies and market gaps in the aquaculture sector, bringing capital to support commercial production of fish, shellfish and seaweed, while introducing sustainable technologies and alternative seafood protein solutions,” the foundation revealed.

Supporting its mission to drive innovation and sustainability in the aquaculture sector, with the support of the InvestEU programme, Margot Falkstedt, Executive Director of the European Investment Fund, said: “This investment is fully in line with the EU’s commitment to promoting a blue economy that promotes economic growth while protecting our systems.” Marine environment.

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The European Investment Fund (EIF) is part of the European Investment Bank Group.