Two high value species, yellowtail kingfish (Seriola lalandi) and hāpuku (groper, Polyprion oxygeneios), have been identified as suitable new candidates for New Zealand aquaculture. This paper reviews the research by NIWA and collaborators conducted to test the biological, technological and economic feasibility of farming these two species. NIWA now has the capability to produce sufficient kingfish fingerlings per year to meet the needs of the early stages of an industry. Advances in hāpuku aquaculture have also been significant, from spawning in captivity through to the selection of juveniles for improved growth. Recently, the first spawning of captive hāpuku F1 broodstock and production of F2 eggs, larvae and juveniles was achieved. Although hāpuku larval survival remains variable, the ability to close the life cycle, and the availability of domesticated broodstock, provide a significant step forward and increase the chances of this species being commercially farmed.