April 7, 2022 –The Technology Adoption Fund – a collaboration between the nonprofit Multiplier, The Walton Family Foundation, and Builders Initiative – has begun its inaugural round of funding as of 24 March, 2022. The new pooled loan fund aims to reduce the barrier funding in order for new technology adoption in sustainable fisheries.

Technology adoption in the sustainable seafood industry can improve fisheries management, reduce environmental impacts of fishing, increase supply-chain transparency, and deliver benefits to fishing communities, according to Multiplier. During this pilot phase, technology companies will have the chance to demonstrate how an increased uptake of their technology can result in better fisheries data to help fishers, fishery managers, and seafood businesses in achieving sustainability goals.

Read the full story at SeafoodSource