Throughout the 2023-24 financial year, FRDC's investment will support initiatives that help realise a shared vision of what fishing and aquaculture will become in Australia by 2030. This will be achieved by continued investment in pursuit of the five R&D Plan outcomes and five enabling strategies that are designed to assist, accelerate and simplify outcome deliveryFRDC's 2023-24 investment approach will seek to appropriately balance our focus on tackling shared national challenges, whilst also helping our partners to respond to today's more pressing needs. We will invest in research and innovation to support implementation of Aquaplan to enhance biosecurity, develop minimum-viable product for national data exchange and data catalogue, advance technically feasible and scalable alternative fuel and energy solutions for wild harvest fisheries and aquaculture, enhance national reporting of environmental, social, and governance (ESG) metrics throughout fishing and aquaculture, and co-invest in knowledge and innovation to enable improved ocean management outcomes for fishing and aquacultureTo incentivise collaboration on these national challenges and promote exploration of diversification opportunities that help build resilience (such as investigation of alternative aquaculture species or catching technologies), we will offer matching investment opportunities to our industry partners in these areasWe will also keep working with our fishing and aquaculture partners to overcome current obstacles. Over the coming year we will be implementing a new investment approach in collaboration with our Research Advisory Committees that will prioritise relieving pressing immediate problems for our fisheries and aquaculture stakeholdersContinued on following pages |Portfolio Budget Statements Page 176 | Fisheries Research and Development Corporation Table 2.2: Performance measure for Outcome 1 (continued)