Research Engagement and ImpactFlinders aiming to lead the blueeconomy

Tropical Reed

Flinders has recently submitted a Stage 1 proposal for the Cooperative Research Centres 20th Selection Round. The Marine Bioproducts and Biotechnology CRC is a national and international collaboration to position Australia at the cutting-edge of a high-value new industry, led by Professor Wei Zhang.

The aim is to create new knowledge, technology and a skill-base to enable Australia to realise its potential in the blue bioeconomy by developing new marine bioproducts; creating new technologies for advanced manufacturing of marine bioproducts and ensuring our marine bioresources can be produced sustainably and profitably.

A blue economy is a "sustainable use of ocean resources for economic growth, livelihoods and jobs, while preserving the health of ecosystems," according to the World Bank.

Australia has a compelling opportunity to become a major global force in the marine bioproducts and biotechnology industry its marine exclusive economic zone is the third largest in the world – over one-tenth of the Earth’s surface.

This territory spans the full range of climatic zones and is home to abundant, diverse and unique organisms. Coupled with these natural resources, Australia is ranked within the top three nations for marine biodiscovery research. However, Australia is underdeveloped relative to the size of its potential in the marine bioproducts and biotechnology industry.

This CRC will bring together 37 national and international industry partners and 8 of Australia’s leading research organisations to fully exploit its competitive advantages in developing a new industry and boost Australia’s economy through regional development.

“The fact that over $54M cash was committed by the Stage 1 submission highlights the strong support the MBB-CRC is getting from industry at creating economic impact for Australia via the marine biotechnology sector,” said Wei.

The Cooperative Research Centres (CRC) Program aims to improve the competitiveness, productivity and sustainability of Australian industries, especially where Australia has a competitive strength, and in line with government priorities.

The Program will foster high quality research to solve industry-identified problems through industry-led and outcome-focused collaborative research partnerships between industry entities and research organisations. The Program aims to encourage and facilitate small and medium enterprise (SME) participation in collaborative research.

Compliant CRC applications are considered in two stages on merit and against all other CRC applications at each stage. At Stage 1 the applicant provides a statement of claims against the selection criteria and a description of the proposed research programs. Successful Stage 1 applicants will be invited to submit a Stage 2 application.

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