Fisheries Research and Development Corporation
The Fisheries Research and Development Corporation (FRDC) is a statutory corporation that manages research and development investment by the Australian Government and the Australian fishing and aquaculture commercial, recreational and Indigenous sectors. Business model The FRDC is one of fifteen Australian Rural Research and Development Corporations (RDCs) managing investment by the Australian Government and primary industries that during the past 25 years has been crucial to the doubling of the productivity of the agriculture, fisheries and forestry sectors. It is one of five RDCs which are statutory corporations, along with AgriFutures Australia, Wine Australia, the Cotton Research and Development Corporation, and the Grain Research and Development Corporation At its inception in 1992, the corporation's major focus was on research concerning the management of commercial wild-catch fisheries and, to a lesser extent, aquaculture. Since then, the scope has widened greatly to encompass economic, environmental and social aspects of the entire fishing and aquaculture commercial, recreational and indigenous sectors – that is, the recreational and indigenous customary sectors in addition to the commercial wild-catch and aquaculture sectors. The corporation's strategic investments in research, development and extension activities benefit all its stakeholders (listed below). However, the FRDC is unique among the corporations in