Major investment in fisheries
Memorial's Canadian Centre for Fisheries Innovation will receive up to $6 million from the Government of Canada's Atlantic Innovation Fund for an eight-part fisheries research project focusing on harvesting, processing and aquaculture.
The four-year project, which CCFI will undertake in collaboration with university researchers and private industry, will contribute to the sustainability and growth of the fisheries and aquaculture industries in the Atlantic region by studying select problems and opportunities.
Gerry Byrne, minister of state for the Atlantic Canada Opportunities Agency (ACOA) said CCFI has built a world-class reputation in the area of fisheries and aquaculture research.
"Their credibility lies in the fact that they have always worked closely with the private sector to carry out R&D that is highly relevant to the competitiveness of those industries.
"This project will help build the region's capacity to undertake leading edge R&D and will bring direct benefits in the form of new business opportunities, export markets and jobs for Newfoundlanders and other Atlantic Canadians."
The research initiatives to be undertaken by CCFI include areas such as: environmentally sustainable fishing technologies and methods; improved fishing platforms (vessels); food safety systems; feasibility of using fish waste for products such as animal feed, pharmaceuticals and nutraceuticals; overcoming impediments to new types of finfish and shellfish culturing; and the environmental impact of aquaculture on the ocean habitat and environment.
CCFI is a non-profit organization owned by Memorial University of Newfoundland and funded by the Atlantic Canada Opportunities Agency. The centre provides the tools of scientific research and technology to the fishing industry. Using the resources of Memorial University, the Centre offers expert assistance in aquaculture, harvesting, and processing, with the aim of increasing and enhancing clients' productivity and profitability.
This CCFI fisheries research project, valued at $18.5 million, is one of 47 initiatives which recently received funding under the $300-million Atlantic Innovation Fund.