Additional Investment in Innovative Food Research
[ Last Updated 9 July 2007 ]
Short Description
Information on additional investment in the government's work programme which will address key concerns of the food and beverage taskforce.
Purpose
To lift business performance through R&D and build and maintain capability and develop new ideas through research into innovative foods.
What we will do
An additional $14 million will be invested over four years in research into new food and beverage ingredients and non-food technologies. The research will link to businesses where these technologies can be developed and be funded through the Research for Industry fund and the New Economy Research Fund, which are administered by the Foundation for Research, Science and Technology.
How this will help:
This additional money will lead to innovation directed at meeting real market demands aligned across industry and research organisations. Research in this area will help diversify products and develop ancillary industries in the food sector.
Agencies involved:
The Foundation for Research, Science and Technology will invest this money using its current processes, involving research providers, businesses and sector organisations.
Timeline:
Investments will be made over the next four years.
Budget:
$14 million over four years.
Please contact the Foundation for Research, Science and Technology, 04 917 7800, or visit the Foundation for Research, Science and Technology website to learn more.
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