In the vast Australian marine landscape, the potential for innovation in fishing and aquaculture remains largely untapped. Despite the abundance of resources and the pressing need for sustainable solutions, the sector has yet to fully embrace the opportunities presented by engaging with innovation investors and startup/scaleup founders. Recognising this gap, a groundbreaking innovation fund, led by the Fisheries Research and Development Corporation (FRDC), is set to revolutionise fishing and aquaculture. 

The 'FRDC V-Sea Fund' will be a partnership between FRDC, its industry partners, and a prominent innovation investor (to be announced). The V-Sea Fund will accelerate growth of Australia’s aquatic innovation ecosystem by investing in and supporting high potential startup businesses to commercialise novel solutions to fishing and aquaculture’s most pressing challenges while delivering environmental, social and economic benefits.

The V-Sea Fund will prioritise investments that balance impactful outcomes and economic returns, ensuring alignment with public and private sector interests. 

Central to the V-Sea Fund's mandate is supporting solutions across a range of aquatic areas. From innovative fishing gear to regenerative aquaculture practices, animal health and advanced biosecurity measures, the V-Sea Fund will seek ventures with the potential to transform the industry and address critical challenges such as climate change resilience and the transition to a circular economy  

The V-Sea Fund will leverage FRDC’s extensive capabilities and networks to identify emerging trends, challenges and priorities. By tapping into FRDC’s stakeholder and extension networks, the V-Sea Fund will ensure a strong investment pipeline.  

The V-Sea Fund will harness the power of innovation and collaboration to reshape Australia’s fishing and aquaculture sectors, driving sustainable growth and prosperity for generations to come. 

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