The Aquaculture Industry Action Agenda – Tackling the research and innovation challenges

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Aquaculture Industry Action Agenda Report
Research and Innovation Report -
“Tackling the Research and Innovation Challenges”, by Ridge Partners

The R&D consultancy report presents an innovation policy framework for the Australian aquaculture industry.

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More about Tackling the research and innovation challenges

Opportunity
Australian aquaculture mainly consists of the production of high-value species that require advanced aquaculture technologies, and research and innovation to drive their development and improve competitiveness. There is considerable opportunity to maximise the benefits of research and innovation in Australia by improving funding arrangements, strategically focusing the research effort and improving the extension of research outcomes to industry.

Objective
To maximise the benefits of research and innovation, and sharing best practices.

Actions
The Commonwealth Government, State and Territory Governments, industry and the National Aquaculture Council agree to work together to

• assist industry and governments to regularly identify and review their research and innovation priorities and funding of these priorities at state, territory and national levels.
  
• encourage research and innovation activities that are commercially driven. The aquaculture industry has the opportunity to participate fully in setting priorities for aquaculture research and development by participating in the National Aquaculture Council.
  
• encourage adoption of formal agreement mechanisms (e.g. memorandums of understanding) to clearly define research and innovation needs and funding for projects.
  
• provide dollar for dollar funding, up to 0.25 of industry of the three-year average gross value of product, to support research and innovation through the Fisheries Research and Development Corporation (FRDC).
  
• encourage all sectors of the aquaculture industry to commit to investing at least 0.25 per cent of the three-year average gross value of product, to support research and innovation.
  
• encourage all aquaculture researchers, research funding providers and extensions officers to promote research outcomes at regional and national aquaculture conferences, on a national aquaculture information portal
  
• identify research priorities for improving the industry’s environmental performance and monitoring capacity.
  
• take a lead role in fostering international technology alliances between aquaculture farmers and scientists.