Our challenge is for an aquafeed companyĀ to either produce and sell the most seafood-free aquaculture feed using innovative formulations ofĀ proteins and lipids byĀ the challenge end date, September 15, 2017, or be the first to reachĀ 100,000 metric tons (mT) of seafood-free feed sales, verified by the judging committee.
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The Problem
Many of the worldās wild fish stocks are in rapid decline. Ā A major source of the decline in fish stocks is demand for wild fish meal and oil that typically ends up inĀ feed for aquaculture. Seven of the worldās top ten fisheries (by volume) target forage orĀ low trophic levelĀ fish, 90 percent of which are processed into fish meal and fish oil used in aquaculture feeds. Ā MostĀ scientists agree that for aquaculture to continue its necessary expansion, we must find alternative ingredients.
What is more, forage or low trophic levelĀ fish are the food forĀ cod, salmon, tuna, dolphins, sharks, seals, sea lions, penguins, sea birds, andĀ whales.Ā As a cornerstone in the ocean food chain, maintaining their stocks is of critical and strategic importance for preserving life in the oceans.Ā In fact, experts think that the record numbers of starving sea lions and the nesting failure of brown pelicans this year is attributable to collapsingĀ Pacific sardine fisheries from California to Peru.
The industry has made tremendous strides to vastly increase yields of aquaculture products with limited supplies of fish meal and fish oil. Ā While management of these forage fisheries continues to improve, more innovation is needed to find additional ingredients and cost effective formulations if the industry is to become even more sustainable, and compete with beef, poultry and pork. Ā We want to encourage this innovation.Ā
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The Challenge Breakthrough
The goal of this challenge is to reduce demand ofĀ wild-caught stocks, byĀ acceleratingĀ the availability of cost-competitive, viable seafood-freeĀ options.Ā Ā The research community and forward looking feedmills have already utilized a large number of seafood freeĀ ingredients including grains, terrestrial animal by-products, distillery and brewery by-products, algae (seaweed) products, and other plant and animal processing by-products. We acknowledge the availability of responsible sources of fish meal and oil, but our concern is to look beyond this source. Ā If fish meal and oil is limiting the future, how can aquaculture continue to grow? Ā There are sufficient alternatives today for fish meal and fish oils, and we need to encourage the use of these alternatives.
The F3 prize's goal is to showcase aquafeed companies whoĀ accelerateĀ their salesĀ ofĀ seafood-free alternatives. Ā Sales are only possible ifĀ the company hasĀ innovatedĀ fish meal and fish oil freeĀ alternatives in cost and quality, such that it isĀ commercially viable. Ā Eventually, our hope is thatĀ these innovationsĀ leadĀ to a new product category for consumers, the equivalent of 'grass-fed seafood', where seafoodĀ that is innovative andĀ more environmentally friendlyĀ receives special attention.
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How to Win the Challenge
The prize will go to the company that eitherĀ sells the mostĀ seafood-freeĀ aquaculture feed by the Challenge end date, September 15, 2017,Ā orĀ is first to sell 100,000 mT of seafood-free feed,Ā verified by the judging committee.Ā
The sum total of aquaculture feeds soldĀ for a variety of aquacultured species (for salmon, tilapia, carp, catfish,Ā etc.) will be counted so long as they are free of fishery products and by-products. Due to the difficulty of parsing out seafood sources, squid, shrimp and krill as well as byproduct meals and oils will not be counted.Ā Terrestrial animal by-products and GMO grains are considered to be admissible ingredients.
A single prize of the total funds pledged will be awarded to the first company that meets the winning criteria.
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Duration
The challenge will conclude on September 15, 2017Ā or when the judging committee has verified a company has sold 100,000 mT of qualifyingĀ feed,Ā whichever comes first.
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Who Can Participate
The Challenge is open only to companies that brand and sell feed to aquaculture businesses. Ā These companiesĀ can also include the qualifying F3Ā sales volumes of theirĀ licenseesĀ only if licensee sales volumes are not included in their own revenue reports, i.e. theirĀ sales volumes areĀ notĀ double counted.
Channel partners to such companies, including but not limited to, their respective suppliers of ingredients, contract manufacturers, processors, distributors, Formula Licensees, marketers, resellers, and retailers are not eligible on their ownĀ to compete in F3, but can partner with a feed producer to compete. More information and examples here.
Companies, pleaseĀ note: you do not need to be selling 100,000 mT of seafood-free feed as of today to participate; 100,000 mT is only the sales target at which the prize will be awarded if reached prior to the challenge end date.Ā
Partnership and licensee information must be sent to f3fishfreefeed@gmail.comĀ (see FAQ section for requirements).
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Registration and Submissions
Before 11:59:59 p.m. PT onĀ April 30, 2016,Ā feed companies that wish to participate are required toĀ register as contestants through this websiteĀ and send the following information to f3fishfreefeed@gmail.com:Ā the name of the company, and the name of the authorized representative, title, address, work phone number, mobile phone number, and email address of the contact person. Ā The same contact information needs to be included for eachĀ licensee. Ā By registering for this challenge, you agree to participate and comply with the full challenge rules. The full text isĀ hereĀ and it is summed below:
By registering to participate, you agree that:Ā
1. YouĀ have the authority to enter the challenge on behalf of the company. Ā 2. Ā Your company brands and sells feed to aquaculture companies. Ā 3. You agree that you are the owner of the submission and that you have the rights and permissions to enter the submission. 4. You agree to share yourĀ ingredient listsĀ for theĀ qualifying feeds; 5. You agree toĀ report sales volumes and buyers for the qualifying feeds; 6. You hold at least $1 million in Commercial General Liability insurance with limits of at least $1 million combined single limit bodily injury and property damage liability.Ā Ā 7. You agree to comply with additionalĀ examinations and verifications by the Judges outlined in the Challenge agreement. Ā 8. You agree that if you win, to appear at two different venues to receive the prize.
At the judging committee's expense, feed samples from the mill and/or randomly selected from farms will be submitted for lab analyses to confirm lack of fisheries products.Ā Ā The judges may also verify volume by comparing sales figures with the aquaculture production volume from the buyer's farms.Ā This information, with the exception of sales volumes, will be held in confidence by the judging committee and used only for the purpose of determining the winner of the prize. The sales volumes will be periodically tallied and displayed on the F3 website.Ā Ā
The completeĀ judging criteria and ChallengeĀ terms are embedded in the online registration agreement.
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Feed Sample Submission:
On or before September 30, 2016, each company must submit their feed for examination by the Judges by sending the feed ingredients and feed samples to the University of Arizona (1140 E. South Campus Drive, Forbes Building, Room 306, Tucson, AZ 85721 USA Attn: Kevin Fitzsimmons). Feed samples must include at least one (1) kilogram of each "feed type" that the company would like to have qualified in connection with this challenge. "Feed type" means any distinct formulation to be used to feed one or more species or life stages of marine life. The sample should be submitted with the attending label printed with the guaranteed analysis and list of ingredients. Alternatively, a sample of a commercialĀ bagĀ of feed with the label sewn on would be acceptable as well. Ā Among other analyses, these samples will be independently tested for proximate analyses, lipid analyses, as well as genetic identification to ensure that no fish, squid or crustacean components are contained within.Ā We do NOT require the formulation of the diet as we assume that is the company's intellectual property.
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Sales Submissions (1-4):
On or before the 20th day of January, and 15th day of April, July, and September 2017, each company must submit their quarterly sales volume information for verification by the Judges by sending a list of (i) all their customers, and their gross volume of feed sold, and (ii) the foregoing information set forth in (i) for all their licensees' sales of their qualifying feed to f3fishfreefeed@gmail.com.Ā Ā Note: the judges may conduct random site visits to customers to verify sales statistics.
*No submissions will be accepted after the submission deadlines. Incomplete submissions will not be accepted.
Challenge Guidelines are subject to change. Registered competitors will receive notification when changes are made, however, we highly encourage you to visit the Challenge Site often to review updates.
Challenge Status: The Challenge registration period is now closed.
Challenge Funding:Ā To-date, the challenge has received more than $140K of crowdsourced funds, with the prize now totaling $200,100.Ā The Challenge is still accepting donations to increase the prize amount.Ā
