Multiplier, in collaboration with The Walton Family Foundation and Builders Initiative, is pleased to announce the Technology Adoption Fund for Sustainable Fisheries. This is a new pooled loan fund designed to make partially forgivable loans to tech companies to scale up the adoption of existing technological solutions to improve fisheries management, reduce environmental impacts of fishing, deliver benefits to fishing communities, and increase transparency across the seafood supply chain.
The Technology Adoption Fund for Sustainable Fisheries aims to reduce barriers to implement technological innovations in fisheries. Through the fund piloting phase, the eligible tech companies will demonstrate that an increased uptake of technology can result in better fisheries data to help fishers, fishery managers and seafood businesses in achieving sustainability goals.
About the Inaugural Round of Loan Funding
- USD $1 million in funds is available to be distributed into several partially forgivable loans
to tech companies.
- 4-6 year repayment terms, with up to 50% forgivable, based on mutually agreed upon
forgiveness metrics tied to fisheries sustainability milestones.
- USA and Mexico focused projects only.
- Focused on wild-caught seafood only.