New and Emerging Aquaculture Species Subprogram: review of FRDC investment policies and strategies and development of a management framework for new and emerging aquaculture research

Funding Activity

Website
https://www.frdc.com.au/project/2009-219

Funding Status
Closed

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Funded Activity Summary

Since 2000 FRDC has invested, through its public good, considerable resources in emerging and developing aquaculture species. There have been some slight changes in the direction taken, but overall very little has changed. For example, abalone and barramundi aquaculture are now seen as mature sectors that should not obtain the degree of public good investment they received in the past. These areas have traditionally been managed as individual sectors with little cross fertilisation.

In the recent funding round, six new applications in the emerging and developing species aquaculture category were submitted. As such, it was considered that the FRDC should revise its investment strategy in this area. This would involve FRDC ceasing its individual sector based approach using public good funds and initiating a Emerging and Developing Aquaculture Species Program.

In addition, the Rural Industries Research and Development Corporation (RIRDC) has been involved in the development of new rural industries and has recently published reports regarding critical success factors (Critical Success Factors in New Rural Industries, RIRDC Publication 09/002, March 2009) and turning good ideas into profitable ventures. The RIRDC has also been involved in the investment in fisheries related programs regarding the development of aquaculture species. The FRDC is keen to engage in this process and co-invest in fisheries related R&D.

Objectives:
1. To review FRDC’s current policies and investment in new and emerging species (including an assessment of the existing five investment criteria)
2. To advise on a new policy for new and emerging species
3. To develop an investment strategy (including the role of FRDC (facilitator, leader, catalyst, co-investor, follower), partnership linkages)
4. To develop a process for implementing the strategy (including what would be the level of FRDC investment program coordination/support and KPIs (environmental, economic and social performance))

Funded Activity Details

Start Date: 01-10-2009

End Date: 02-02-2010

Funding Scheme: Funding Scheme not available

Funding Amount: $49,652.80

Funder: Fisheries Research and Development Corporation

Research Topics

ANZSRC Field of Research (FoR)

There are no FoR codes available for this funding activity

ANZSRC Socio-Economic Objective (SEO)

There are no SEO codes available for this funding activity

Other Keywords

Training | Workforce

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