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Shark conservation is a critical issue, as populations of these majestic creatures have declined by 71% in the last 50 years due to overfishing. Despite their ancient history dating back 450 million years, sharks are now facing the threat of extinction. Not only does this endanger sharks themselves, but it also disrupts the balance of marine ecosystems where sharks play a key role as apex predators.

While shark attacks are rare, the potential for interactions between sharks and humans is increasing. Factors such as warming ocean temperatures pushing sharks into more populated waters and human activities disrupting their habitats are contributing to this trend.

To protect beachgoers, governments often resort to methods like shark nets, which are not only ineffective but also harmful to other marine wildlife. SharkSafe Barriers, a CI Ventures investee, offers a safer alternative. These barriers mimic a kelp forest, a natural deterrent for sharks, and use powerful magnets to deter them from coming too close to shore. This innovative solution not only protects people but also ensures the safety of marine animals like turtles, dolphins, and fish.

Despite the benefits of SharkSafe Barriers, cost and resistance to change are barriers to widespread adoption. CI Ventures is providing support to help SharkSafe Barriers overcome these challenges and bring their solution to market. With the first commercial barrier now installed in the Bahamas, there is hope that more communities will adopt this technology and demonstrate that humans and sharks can coexist peacefully.

The ultimate goal is to change perceptions about sharks and inspire people to protect these important creatures and the ocean as a whole. By making people feel safe, SharkSafe Barriers aims to foster a sense of responsibility towards shark conservation and marine biodiversity.

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