Portugal-based venture capital firm Indico Capital Partners, which recently launched a €50 million ($53 million) ocean-fund, is partnering with Hope Zones Foundation.
The partnership will allow the investor to further its commitment to sustainable investment and innovation, as well as the protection of the Portuguese coast and beyond.
Portuguese-based ocean association HopeZone will collaborate with Indico in defining impact performance indicators for each portfolio company to ensure that its ocean fund contributes towards the UN Sustainable Development Goals.
Indico will assist Hope Zones in achieving the goal of protecting 30 percent of the region's ocean waters by 2030.
