The World Bank Coastal Fisheries Initiative Challenge Fund (CFI-CF) has announced the winners of its competition to find a solution to the global overfishing problem.
The event sought collaborative ways in which the various stakeholders could work together to combat overfishing.
The competition sought applicants from Cabo Verde, Ecuador, Indonesia and Peru and received over 30 different applications. In total, four winners and four runners-up were announced. All had novel and original ways to help fishing communities and other stakeholders combat overfishing while increasing incomes as well as industry and consumer engagement.
According to Mimako Kobayashi, Senior Environmental Economist at the World Bank and lead for the CFI-CF Global Knowledge Competition:
“The Coastal Fisheries Initiative – Challenge Fund decided to pilot the format of a knowledge competition to crowdsource knowledge, experience, and ideas to tackle the problem of overfishing. Engaging coalitions of seafood value chain actors was important to us for two reasons: Because these actors have the best knowledge on the ground of the local fisheries and the market, and because we believe that unconventional partnerships can spark unconventionally brilliant innovations.”
You can find out more information here.