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Hawaii starts accelerator and investment fund to advance aquaculture

The State of Hawaii has announced plans to launch an aquaculture accelerator and investment fund. The venture will be based at the Natural Energy Laboratory of Hawaii Authority (NELHA) in Kona on the island of Hawaii. In its first step to establish the fund, AAIF Group Partners (AGP), a strategic partnership between three State of Hawaii agencies, have issued an RFI to select an entity to manage the venure.

November 15, 2018

Hawaii hopes to advance aquaculture in the state with this initiative. Hawaii 2017 aquaculture sales totaled $76.4 million and are slightly up from the previous year. Algae accounted for 46 percent of the total sales.

In its first step to establish the fund, AAIF Group Partners (AGP), a strategic partnership between three State of Hawaii agencies, have issued an RFI to select an entity to manage the venure. The partnering agencies are NELHA, the Hawaii Strategic Development Corporation (HSDC), and UH Ventures LLC (UHV).

The deadline for submissions is December 15, 2018.

Click here to learn more and view the RFI.