Project Location: Regional
Project Date: 2015/16
Project Funding: Private Sector
Project Summary: Geo-tracing technology to fisheries
The Pew Trusts and Satellite Applications Catapult, have developed a product called ‘Eyes on the Sea’ that applies geo-tracing technology to fisheries. It has a set of functionalities that can be used to provide the supply chain, national governments, and other interested parties with information necessary to assess whether certain fishing vessels or fleets operate in compliance with relevant rules and restrictions.
In an effort to substantiate the predicted scale of these revenue streams, London Economics and MacAlister Elliott & Partners carried out a process of selected stakeholder engagement and literature review, and refined the proposed business plan and financial model.