The Undercurrent News team reported live from the Blue Food Innovation Summit, held on April 8 and 9 in London, the UK.

Recap all the news from day two below:

• Non-profit spending philanthropic capital on seaweed R&D

Seaweed non-profit GreenWave has begun spending the "philanthropic capital" it raises on downstream R&D in a bid to create more market pull for the small-scale farmers it supports, said director of market development Samantha Garwin.

• Urchinomics, Restorae co-founder given blue carbon credit role by Japan

Brian Tsuyoshi Takeda — founder of ocean restorative businesses Urchinomics and Restorae — has been appointed as secretariat of international affairs by the Japan Blue Economy Association.

• Kenya’s Victory Farms doubled in size in 2024 through small-scale egg partnerships

Kenyan tilapia farming operation doubled in size in 2024 through its adoption of smallholder “pond partners” who supply it with eggs, revealed founder and CEO Joseph Rehmann.

• DOGE cuts threaten US bluetech startup funding

US ocean technology startups may struggle for public funding amid sweeping cuts to federal government programs by the Department of Government Efficiency, investors warned.

• Tariffs make investors much more cautious, but opportunities will come

A panel of investment-sector speakers agreed that the new global tariff landscape would make investors much more cautious, but some felt M&A and fundraising opportunities would still present themselves.

• Cuna del Mar interested in, but unconvinced by, seaweed as investment opportunity

The Walton family’s Cuna del Mar fund is interested in, but unconvinced by, seaweed as an investment opportunity thus far, said vice president Donald Grant.

• UK mussel farmer hopes gov’t can better incentivize restorative business

The UK government could be doing more to incentivize restorative/ regenerative aquaculture operations, said Offshore Shellfish managing director John Holmyard.

• ‘A lot of Europe’s retailers don’t know where their seafood comes from’

A lot of retailers in Europe don’t know where the fish they purchase is coming from, warned fisheries economist Sebastien Metz, development manager for the Global Seafood Alliance’s Prism platform.

• Raw material access a bottleneck for seafood byproduct startups

Limited access to viable raw materials is a significant bottleneck for new companies looking to enter the seafood byproduct market, according to byproduct makers.

• Icelandic salmon project close to securing next fundraise

Iceland land-based salmon company Laxey is close to having its fundraise for the second development phase secured, said chairman Larus Asgeirsson.

And you can find all the news from day one here.