The need for this project is four fold:

1) to add value and increase profitability to fisheries that catch their total allowable catch,
2) provision of a framework for planning, funding and managing post-harvest R&D in product and process development activities,
3) development of a strategic approach to value adding that meets client needs, and
4) development of more integrated approach to post harvest services through the development of SSA.

The development of an effective and efficient post harvest investment mechanism is essential to FRDC so it can meet its Value Adding research strategy. The formation of the NSC 6 years ago by the FRDC and QDPI has provided an accountable and transparent mechanism to plan, fund and manage post harvest value adding R&D. This has provided both direct and indirect benfits to the Australian seafood industry.

Financial assistance of commercially focussed R&D provides incentive for businesses to explore new product and process opportunities. The funding provides important leverage for industry projects to actually happen and increase the likelihood of commercial success. This support can stimulate industry development and subsequent production activities that would not have otherwise taken place. Financially assisted projects represent an investment of FRDC funds as a share of the cost of short-term, market-focussed, applied research projects with the potential for high return (see Attachment 2 Section 3.1). This intervention can also bring forward the timetable for industry led research, hence capturing opportunities and economic benefits sooner.

Research is by definition, a risky activity with a level of uncertainty. New product development is high risk. However such risk can be minimised by ensuring that up to date science and scientific methods are employed and that capable scientists and investigators are selected and monitored.