This project involves a comprehensive review and enhancement of valuation methodologies for production statistics in the commercial fisheries and aquaculture sectors. Phase One focuses on comparing existing approaches from various publications, evaluating their strengths and weaknesses, and recommending the most suitable methodologies for future reporting. The recommendations must be realistic given the practical constraints and opportunities in different jurisdictions, which the study captures through document review and interviews with jurisdictional representatives. Phase One concludes in a detailed report summarising the findings and recommendations.

Phase Two, contingent on FRDC's decision to proceed, involves producing detailed production statistics for the 2021/22 to 2023/24 period. This includes gathering and compiling data from eight jurisdictional management agencies, ensuring data quality and consistency (identifying gaps where this is not met), documenting sources and methodologies, and presenting the data in a clear, machine-readable format. The data will be disaggregated by sector, state, and species (where possible) (including those covered in FRDC’s Industry Partnership Agreements), providing a comprehensive overview of the commercial fisheries and aquaculture sectors.

The RD&E workshop will target up to 50 of WA's leading industry members, who will combine with government and university professionals to identify research priorities for WA. This is the inaugural event for an annual workshop that will iteratively update an RD&E plan for WA. The event will be held on 28 March at the Fremantle Sailing Club, with the venue, most presenters and the event facilitator confirmed.

Benefit to be provided to FRDC
Access
- 1 x Complimentary ticket to Thursday’s BioInnovation Conference
- 1 x Complementary registration for Welcome dinner
- 2 x tickets to the RD&E workshop

Recognition
- Acknowledgement at the opening and closing of all events
- One pull-up banner for display at the conference & workshop
- Your logo will appear on sponsor slides during the events
- Your logo will appear on digital content relating to all events, including LinkedIn posts and newsletters
- Your logo and 200-word profile, available on the festival website

Promotion
- A speaker role at the Thursday Conference to promote Finnovation.
- A speaker role at the Friday RD&E Workshop

The project involves significant collaboration and co-investment by sector partners. This includes cash funding from the aquaculture council of WA ($6300 ex. GST), in-kind contributions from DPIRD (estimated at $2,300 ex GST), university and industry presenters (TBD).