Schmidt Marine Technology Partners announced that it will offer up to $3.5 million in funding annually to entrepreneurs and others developing new technologies that increase the sustainability of fisheries around the world. The effort is also being funded by two anonymous philanthropic groups. This new initiative is designed to encourage entrepreneurs, engineers, scientists and others to develop new tools and technologies that address issues like overfishing, bycatch, illegal fishing and abandoned fishing gear.

Schmidt Marine Technology Partners is a program of The Schmidt Family Foundation, started by Eric and Wendy Schmidt, and led by Wendy since 2006. Details about how to apply for the new funding initiative are available at schmidtmarine.org. Initial applications are due by May 20, 2022. Applications are welcome from any country. Recipients of the funding will be announced in November 2022.