The European Investment Fund (EIF), Chr. Augustinus Fabrikker, Builders Initiative and Minderoo Foundation have approved commitments to become cornerstone investors in Ocean 14 Capital’s inaugural fund, the first large investment fund to focus exclusively on the blue economy. EIF has approved a commitment of €35 million to the fund, while Chr. Augustinus Fabrikker is allocating €15 million. Builders Initiative and Minderoo Foundation will commit €10 million together, bringing the total to €60 million.
The fund is a unique combination of marine industry and nature conservation knowledge that comes from Ocean 14 Capital, a private equity firm focused on the United Nations’ Sustainable Development Goal 14 (SDG14), which aims to conserve and sustainably use the oceans, seas and marine resources for sustainable development.
Read more information about the European Investment Fund (EIF) and Ocean 14 Capital in EIF's site!
The Common Maritime Agenda for the Black Sea (CMA) envisages the creation of the Black Sea Virtual Knowledge Centre (BSVKC) with a view of providing a centralized platform for information on blue economy to the stakeholders and to improve synergies across the stakeholders and blue economy related projects in the Black Sea.