Does your organization conduct SCIENTIFIC RESEARCH or EXPERIMENTAL DEVELOPMENT?

Your costs may be eligible for reimbursement – We can show you how.

Call Us: 778-433-4925

You could recoup up to 64% of eligible employee costs, up to 42% of material costs and up to 33% of sub-contractor costs.

Home / SR&ED Blog / News / SR&ED IN THE MARINE AND AQUACULTURE INDUSTRY: DRIVING INNOVATIONS AND SUSTAINABILITY

SR&ED IN THE MARINE AND AQUACULTURE INDUSTRY: DRIVING INNOVATIONS AND SUSTAINABILITY

The marine and aquaculture industries are crucial to global food security and economic development. As these sectors continue to evolve, the need for sustainable practices and cutting-edge technologies has never been greater. Fortunately, the Scientific Research and Experimental Development (SR&ED) program provides valuable support for innovations in these fields. Let’s delve into how SR&ED credits are fostering advancements in sustainable fishing and aquaculture technologies.

Innovations in Sustainable Fishing

Sustainable fishing practices are vital for preserving marine ecosystems and ensuring the health of fish populations for the future. Researchers and companies are using SR&ED credits to develop innovative solutions aimed at improving fishing practices and reducing environmental impacts.

  1. Selective Fishing Gear: One area of focus is the development of selective fishing gear that minimizes bycatch—the capture of unintended species. By enhancing gear design and incorporating new materials, researchers aim to reduce the impact on non-target species and promote biodiversity.
  2. Fisheries Monitoring Systems: Advanced monitoring systems using satellite technology and artificial intelligence are being developed to track fish populations and monitor fishing activities. These systems provide real-time data that helps in making informed decisions and enforcing sustainable practices.
  3. Ecosystem-Based Management: SR&ED-supported research is also exploring ecosystem-based management approaches that consider the entire marine environment, including the interactions between different species and their habitats. This holistic approach helps in maintaining the balance of marine ecosystems and ensuring sustainable fishery practices.

Aquaculture Technologies: Advancements and Innovations

Aquaculture, the farming of aquatic organisms, is increasingly vital as wild fish stocks decline. SR&ED credits play a crucial role in advancing aquaculture technologies, leading to more efficient and sustainable practices.

  1. Breeding Techniques: Research supported by SR&ED credits focuses on improving breeding techniques to enhance the growth and resilience of aquaculture species. Innovations in selective breeding and genetic research are leading to the development of strains with better growth rates, disease resistance, and adaptability to changing environmental conditions.
  2. Disease Control: Aquaculture operations can be severely impacted by disease outbreaks. SR&ED-funded research is improving probiotics, vaccinations, and biosecurity protocols, among other disease control strategies. These developments lessen the need for antibiotics, help manage and prevent disease, and have a little negative impact on the environment.
  3. Sustainable Feed: One important area of research to concentrate on is sustainable feed substitutes. The goal of SR&ED credit-supported projects is to find new sources of protein and nutrients for aquaculture feeds. Reducing reliance on wild fishmeal and promoting the use of plant-based or substitute components are the objectives.

Conclusion

The SR&ED program is instrumental in driving innovation and sustainability in the marine and aquaculture industries. By supporting research and development in areas such as sustainable fishing practices and aquaculture technologies, SR&ED credits are helping to address critical challenges and promote a healthier, more sustainable future for our oceans and aquatic resources.

For businesses and researchers in the marine and aquaculture sectors, leveraging SR&ED credits can provide the necessary support to push the boundaries of innovation and achieve long-term sustainability goals.

Shimmering barracudas swarm en masse in the deep blue sea.
Related Information

SRED CREDITS: A FUNDING BOOST FOR SOCIAL INNOVATION

Unlocking the Potential of SRED for Social Change Social enterprises and non-profits are at the forefront of tackling some of the world's most pressing challenges. From poverty reduction to education and healthcare, these organizations are developing innovative...

read more