Lita and Capraia Smart Island launch an award to innovate the fish supply chain

On June 8th, on the occasion of World Oceans Day, the crowdfunding equity portal Lita Italia and Capraia Smart Island – Sustainable Fish Chain (an event organized by Chimica Verde Bionet and Legacoop Agroalimentare – Fisheries Department) launched the Sustainable Finance Award for the Mediterranean. Its objective is to enhance all the companies in the Italian fish supply chain that promote projects with high social and environmental impact.

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The projects must be submitted until July 25th

The award is addressed to the Italian companies of the fish supply chain and consists of support service to the company in the implementation of an equity crowdfunding campaign on Lita’s portal, which consists of: a detailed review of the business plan, sharing the plan with professional investors, support in defining the conditions of capital raising and preparation for the launch of the equity crowdfunding campaign on the portal. These activities, worth $2,280 (€2,000), will be offered free of charge to the winner of the competition by Lita’s team.

In order to participate, the companies have to submit, by July 25th, 2020, a project for which they would like to obtain funding through an equity crowdfunding campaign on Lita’s web platform. The initiatives must focus on innovation in one of the different segments of the fish supply chain and must best combine the three dimensions of sustainability: economic, environmental, and social.

The organizers of the award guarantee the evaluation of all the projects submitted and the awarding of the prize even if the Capraia Smart Island – Sustainable Fish Chain event should be cancelled this year and postponed until next year.

The projects will be evaluated by a jury of experts composed of: Sara Guidelli, general manager of Legacoop Agroalimentare; Stefano Rossi, country manager of Lita Italia; Flaviano Zandonai, sociologist and open innovation manager of Gruppo Cooperativo Cgm; Sofia Mannelli, president of Chimica Verde Bionet; Francesca Scarpelli, responsible for the Capraia Smart Island Sustainable Fish Chain project; Matteo Monni, Italian Biomass Association (Itabia).

What is Lita Italia

Lita Italia is the European platform specialized in crowdfunding for business projects with high social and environmental impact (impact investing). The platform, formerly known as 1001pact, has been active for many years in France, where it has helped to finance many projects with both the reward and equity formula and lending crowdfunding.

In Italy it set up a company, 1001PACT ITALY S.r.l., which in 2018 obtained the authorization of Consob as a crowdfunding equity portal. Consequently, in May 2019 launched its first crowdfunding campaign.

The peculiarity of Lita.co is its focus on projects that have a social impact. The founders Eva Sadoun and Julien Benyoun explained: “At the origin of LITA.co, there is the will to bring citizens closer to the world of finance. On the one hand, we realized that the relationship between traditional finance and citizens is still not very transparent. Citizens want to regain confidence in investments and give them meaning. On the other hand, innovative and social entrepreneurs are too often put aside by the traditional financial system which has difficulty evaluating its profitability, which can no longer be used as the only parameter for measuring performance. In LITA.co we have more than just a mission: we devote our deepest interest in actively and effectively participating in the reduction of social and environmental inequalities worldwide, to build a better, sustainable and inclusive future.”

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(Featured image by Jimmy Chan via Pexels)

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