What does FRDC mean in COMPANIES & FIRMS
The Fisheries Research and Development Corporation (FRDC) is a statutory corporation which manages the research, development and extension in the fishing industry of Australia. It was established in 1993 with the amalgamation of three separate research and development corporations, comprising of the Fisheries Research and Development Corporation, the Tasmanian Aquaculture and Fisheries Institute, and the West Australian Fisheries Research Institute. FRDC allocates financial resources for research initiatives to ensure that our knowledge of aquatic ecosystems is increased, so that decision-makers can take a more informed approach towards managing our fisheries. The FRDC works closely with other government bodies to promote safe and effective management approaches that enhance sustainability for future generations. FRDC also provides essential support to individuals pursuing careers in fishing-related vocations by offering training opportunities to those wishing to become professional fishermen or fishery scientists.
FRDC meaning in Companies & Firms in Business
FRDC mostly used in an acronym Companies & Firms in Category Business that means Fisheries Research and Development Corporation
Shorthand: FRDC,
Full Form: Fisheries Research and Development Corporation
For more information of "Fisheries Research and Development Corporation", see the section below.
Essential Questions and Answers on Fisheries Research and Development Corporation in "BUSINESS»FIRMS"
What is the Fisheries Research and Development Corporation?
The Fisheries Research and Development Corporation (FRDC) is an Australian Government corporation established under the Primary Industries Research and Development Act 1989 to support informed decision-making in Australia’s fisheries, aquaculture, and seafood industries.
What services does FRDC provide?
FRDC provides research, development, investments and partnerships to help improve sustainable fishing practices, increase productivity in fisheries and aquaculture sectors, develop new seafood products for consumers, invest in new technology and data collection systems and facilitate collaboration between industry participants.
How is FRDC funded?
FRDC is funded by contributions from the Australian Government's Department of Agriculture, Water and the Environment; the Fishing Industry; State governments; Fees and interests income; Project revenue; Royalties; as well as voluntary contributions from other sources.
Does FRDC have a Board of Directors?
Yes. A Board of Directors comprising representatives from across government departments, fishing industry organisations, research providers, universities, state governments and consumer groups oversees FRDC’s operations. Together they provide strategic direction for its research investments.
Does FRDC have any partners?
Yes. FRDC has many partners including universities, commercial companies, government agencies at both federal and state levels who are involved with fisheries research activities. These are important partners which help bring greater knowledge to the sustainability of our marine environment.
Final Words:
The FRDC plays an important role in ensuring that our aquatic resources are managed responsibly while providing access to research opportunities for all stakeholders involved in the industry. By introducing viable solutions while working collaboratively with other government bodies, the FRDC strives towards helping our country’s fish stocks remain sustainable for future generations. Through extensive training initiatives, they are also dedicated to developing a knowledgeable workforce who understands how to maintain healthy fish stocks while still meeting consumer demand. With their commitment towards upholding ethical practices, we can continue to enjoy seafood without compromising its sustainability.
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