Researchers float state fish funding

The Research Council of Norway wants to use NOK 10 billion (about USD 1.4 billion) from the state oil fund to launch a new seafood venture. It would be charged with boosting the country's already-large fish farming industry.

The Research Council of Norway wants to use NOK 10 billion (about USD 1.4 billion) from the state oil fund to launch a new seafood venture. It would be charged with boosting the country's already-large fish farming industry.

The council (Norges forskningsråd) believes the new venture should be at least partly state-owned and proposes calling it "Statfisk," rather like the state-controlled oil company Statoil.

Norwegian Broadcasting (NRK) reported Tuesday that the council's idea calls for the venture to develop knowledge and technological development of fish farming and aquaculture. It also would help promote Norwegian seafood internationally.

The council, which bills itself as playing a "vital role" in developing and implementing the country's research strategy, has floated its plan in a new report.

The council acts as a government adviser, funding agency and coordinator among research and development institutions, itself employing nearly 300 people. It's based in Oslo.