The MB-CRC Innovation for Australia's high-value biomarine industry
Marine Bioproducts Cooperative Research Centre (MB-CRC) is a consortium of industry and research partners led by Flinders University, seeking to submit a funding application to the upcoming selection round of the Australian Government's Cooperative Research Centre (CRC) Program.
The CRC Program is the largest competitive research funding program in Australia with successful CRCs galvanising in excess of $300m in cash and in-kind resources including up to $70m of cash funding from the Commonwealth Government.
The objective of the MB-CRC is to transform Australia's emerging marine bioproducts sector into a globally competitive industry. The focus will be on the industry and market-driven innovations to improve both the supply chain and value chain to deliver economies of scale and competitive capacity for Australia to access high value markets across the globe.
"Australia is recognised as a major supplier of premier and innovative marine bioproducts globally. "
With the global population forecast to reach 8.5 billion by 2030, the demand for agricultural products as food, feed and for industrial purposes is estimated to grow by 15% over the coming decade. The growth in global demand for agricultural products, coupled with a decline in arable land and the Green Revolution reaching its peak, presents a unique opportunity for the marine bio-industry to transition from its 2nd generation aquaculture into its 3rd generation of growth: high-value marine bioproducts. Australia is best placed to take advantage of this opportunity with its marine exclusive economic zone being the third largest in the world, the abundance of diverse and unique marine organisms suitable for use in marine bioproducts, and Australia's strong reputation for clean, green and safe products creating demand from any high value markets such as China, Europe and Japan.
The Cooperative Research Centre for Marine Bioproducts (MB-CRC)
A balanced portfolio utilising Australia's marine bioresources underpinned by commercialisation, education and training.
Sustainable Marine Resources
Ensuring a consistent, sustainable and high quality supply of marine biomass is essential to a high value and competitive Australian marine bioproducts industry.
Innovative Bioprocessing Technologies
Innovative bioprocessing technologies designed specifically for the Australian marine bioproducts industry critical for its growth.
Australian Marine Bioproducts
Exploiting the potential pipeline of high value marine bioproducts from Australia's unique marine biota will open up opportunities in the global marketplace.
Commercialisation, Education and Training (CET) in the MB-CRC will create globally connected leaders, build the future marine high tech workforce, educate and engage with community, drive innovation and investment in the sector and link partners across the supply chain.