The Blue Economy Cooperative Research Centre officially launched in Launceston on Tuesday.

The CRC received $70 million in Federal Government funding and around 260 million from industry partners.

Chairperson Greg Johannes said the goal of the centre is to explore how the fisheries and renewable energy industries can operate offshore.

"That's really what this CRC is going to focus on, how do we move into the offshore environment sustainably to generate seafood and seaweed to help supply to markets here and internationally," he said.

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He said all research undertaken by the centre will be in the context of climate change.

"The climate is changing, the waters are getting warmer, they are getting higher, they are getting more acidic and holding less oxygen," he said.

"For all those reasons we are going to need to think differently in future about how we raise different types of seafood including plants for production."

Assistant Minister for Fisheries Senator Jonathon Duniam said the centre will play a part in the government achieving its goal of growing the agriculture, fishing and forestry industries to $100 billion by 2030.

"Making sure we have appropriate science to ensure the future of the industry is critical," he said.

"Working with researchers, working with people who understand our environment to ensure the fishing industry can remain sustainable into the future. "

"It's critical for our economy but more importantly it's critical for our environment."

Over the next two days CRC partners will meet in Hobart to discuss the direction of the centre.

The group has already began considering its first round of projects.

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