CRDC: FRDC Contribution: Growing a digital future - understanding digital capability in Australian agriculture
Evaluate Deckhand Investment Readiness and Develop a best-practice Global Commercialisation Road Map for Execution with Potential Investors
Opportunity is knocking! The global fishing industry predominately uses paper to record mandatory and other data about fishing. An estimated 80% of fishing vessels are small (12m) and are not suited for adopting desktop technology for data management. Fisheries management and research agencies globally are attempting to move to digital reporting of mandatory information.
Real Time Data Pty has developed a tablet based platform which addresses these industry problems with global export potential. To scale globally RTD needs an investment partner to fund substantial development resources but RTD does not have the expertise to assess its investment readiness and prepare documentation for potential investors to make investment decisions.
If this fishing industry tech export opportunity is to be captured, RTD needs guidance from a qualified investment organisation. AgThentic has been identified as a suitable qualified organisation with resource sector IT capital raising experience.
Handbook
Custom training and technical support for the fishery stock assessment software ‘stock synthesis’
Seafood Industry Engagement and input into the development of the Australia-European Union Free Trade Agreement
Commercial production trial with high POMS tolerant triploid Pacific Oysters in approved NSW estuaries.
Spawning biomass of Jack Mackerel (Trachurus declivis) in the East sub-area of the Small Pelagic Fishery during summer 2019
A market research-driven and co-management approach to developing an industry strategy for the SA Charter Boat Fishery
Industry has highlighted a need to address this declining trend through accessing new opportunities.
While the fishery is a commercial operation offering a recreational fishing platform, it is not explicitly accounted for in the process of assessing recreational or commercial fishery performance.
The need to better understand the needs and wants of the fishery’s client group (recreational fishers) and the capacity of the charter fleet to meet this demand is critical to addressing the continued decline in participation and fishery profitability.
Addressing the reasons for the ongoing decline is important if the industry is to improve its economic performance. The fishery has capacity within its resource shares for growth for a wide range of species including key species such as Snapper and King George whiting.
Notwithstanding this, there is also a need to explore and develop broader experiences for clients on charter operations other than fishing.
Evidence that the project has industry ownership and this application is strongly supported can be found in the attached letter of support from the Surveyed Charter Boat Owners & Operators Association of South Australia (SCBOOASA).
Final report
This project investigated the South Australian Charter Boat Fishery by conducting analyses to identify potential actions for growth to counter the declining level of activity and profitability in the industry.
The SA Charter industry has shown declining in trends in economic returns and participation, highlighted a need to address these declines through accessing new opportunities. To do this a targeted analysis was conducted on potential, current and lapsed Charter Boat clients incorporating satisfaction levels, total expenditure levels and suggestions for improvements and new experiences.