Investment fund Aqua-Spark announced Thursday it invested in Hatch Accelerator 1.0, the first-ever global accelerator program dedicated to the aquaculture industry.
The firm said the investment will be used to accelerate a group of eight companies between April and June of 2018. It did not name the specific companies in its release.
While Aqua-Spark focuses on the growth stage of small to medium enterprises (SMEs), Hatch was created with the mission of investing in early stage aquaculture opportunities.
The entities said Aqua-Spark can direct well-suited, early-phase companies to Hatch, and as Hatch actively finds and grows early stage startups, Aqua-Spark can absorb those that have progressed beyond accelerator.
