World Bank- PROFISH
-The Global Program on Fisheries, known as "PROFISH," was established with key donors and stakeholders to engage the World Bank in improving environmental sustainability, human wellbeing, and economic performance in the world’s fisheries and aquaculture, with a focus on the welfare of the poor in fisheries and fish farming communities in the developing world. -PROFISH is essentially a programming and funding partnership between key fishery and aquaculture sector donors, international financial institutions, developing countries, stakeholder organizations, and international agencies. -The growing partnership includes regional economic organizations representing developing countries, including the African Union and the ASEAN Secretariat. -Other PROFISH partners include FAO, IUCN, WorldFish, IFPRI, OECD, USAID, NOAA/NFMS, NEPAD, Strategic Partnership for Fisheries in Africa, Rare, CI, WWF, EDF, ICFA/ALLFISH, GAA and ISSF. PROFISH played a lead role in coordinating the Blue Ribbon Panel and its report "Indispensable Ocean." -The World Bank is seeking to expand its Program for Fisheries and Aquatic Resources (PROFISH+) to support innovation and reform in ocean financing, technology and governance.
Recent projects/startups the organization invested/funded in:
- THEORY PROVING (SCALE) TEST TANK
- JIG/LAUNCHER BUILD
- VESSEL PROTOTYPE & LAUNCH
- FILTRATION ROBOTICS & INSTRUMENTS
- SYSTEMS TUNE & SEA TRIALS
- PRE PRODUCTION MODIFICATIONS
- PRODUCTION SEAVAX & FREE LICENSING
- SEANET FLEET NEGOTIATIONS & PLANNING
- SEAVAX FLEET BUILDING & TECH SUPPORT
- SEANET FLEET OPERATIONS SUPPORT
Size of Funding the US$55 million in IDA and GEF funds invested.
