Fishery Improvement Projects or FIPs are a relatively new approach to generate and provide incentives for improvements in fisheries. This tool can allow industry stakeholders to work collaboratively to improve a fishery and FIPs are increasingly being recognized by international buyers as an interim step to certification. The ASIC fish improvement program is designed to be a workable tool to improve the environmental and social performance of fisheries. It is aligned with fisheries certification schemes and fishers can receive recognition in key export markets. It’s use is being examined as a structure by investors or philanthropic organizations interested in supporting fisheries improvement.