The Government has earmarked $3 million for the Waikato region to support dairy and meat food innovation.
This announcement was made yesterday as part of the Government’s commitment to invest $21 million to develop a New Zealand Food Innovation Network. The funding is earmarked and cannot be confirmed until the commercial sector has demonstrated its commitment to the Waikato facility.
The Waikato Food Innovation Hub will be owned and managed by Innovation Waikato Ltd as a wholly owned subsidiary. The governance board will include representation by AgResearch and regional dairy and meat industry leaders.
Waikato Innovation Park CEO Derek Fairweather says the funding will help provide an important national infrastructure to assist dairy and meat processing companies to innovate at a faster pace.
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