Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Building innovation into Marlborough food & beverage sector

MEDIA RELEASE

12 April 2013


Building innovation into Marlborough’s food and beverage sector

The untapped potential of Marlborough’s primary sector, if cleverly exploited, could take this region out in front of the field as an export earner according to a report prepared for the Marlborough Research Centre (MRC).

The research, examining the prospects for innovation with existing primary products, suggests that these industries could be transformed, said MRC chief executive Gerald Hope.

“There’s enormous scope for products which are health and performance oriented. It’s about turning smart ideas and clever science into new products and processes which will meet the expectations of the future,” said Mr Hope.

The report is the work of the Massey University-based Riddet Institute which was asked to look at ways to develop and enhance the value of the primary produce of this region.

Riddet Institute general manager Mark Ward said it quickly became clear that advances could be made by creating new partnerships between the primary industries and scientific researchers, underpinned by support from central and local government.

“Aquaculture, wine and other natural products already produced in Marlborough could provide the raw material for production at the next level; creating natural based extracts and nutrients that promote health and wellbeing for an international market which is large and growing – and immensely valuable.”

“Marlborough is already a valuable brand associated with wine and greenshell mussels for example but it also has the potential to become an international brand that is synonymous with food and beverage innovation.”

Late last year a group of 12 Marlborough-based companies took part in this research project and the final report from that work is now being circulated for feedback.

Mr Hope says the MRC board, which has formally adopted the report, believes it will help focus attention on Marlborough’s particular areas of natural competitive advantage.

“It’s exciting to think that this piece of research could be the catalyst to transform the aquaculture and natural extracts sector in Marlborough as it currently operates.”

The Research Centre and Riddet Institute are now establishing a formal partnership to develop a food and beverage cluster in Marlborough.


Mr Ward says the cluster approach will connect Marlborough businesses into the existing national food and beverage network, assisting the businesses involved to attract attention and support from Government agencies, investors, sponsors and research providers.

Massey University vice chancellor Steve Maharey will be in Blenheim on Friday 19 April to launch the Riddet report with an address in which he will outline his views on the potential for this country in agrifood innovation and higher education.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Company Results: Air NZ Rides The Tourism Boom With Record Full-Year Earnings

Air New Zealand has ridden the tourism boom and staved off increased competition to deliver the best full-year earnings in its 76-year history. More>>

ALSO:

New PGP: Sheep Milk Industry Gets $12.6M Crown Funding

The Sheep - Horizon Three programme aims to develop "a market driven, end-to-end value chain generating annual revenues of between $200 million and $700 million by 2030," according to a joint statement. More>>

ALSO:

Half Full: Fonterra Raises Forecast Milk Price

Fonterra Co-operative Group Limited today increased its 2016/17 forecast Farmgate Milk Price by 50 cents to $4.75 per kgMS. When combined with the forecast earnings per share range for the 2017 financial year of 50 to 60 cents, the total payout available to farmers in the current season is forecast to be $5.25 to $5.35 before retentions. More>>

ALSO:

Keep Digging: Seabed Ironsands Miner TransTasman Tries Again

The first company to attempt to gain a resource consent to mine ironsands from the ocean floor in New Zealand's Exclusive Economic Zone has lodged a new application containing fresh scientific and other evidence it hopes will persuade regulators after their initial application was turned down in 2014. More>>

Wool Pulled: Duvets Sold As ‘Premium Alpaca’ Mostly Sheep’s Wool

Rotorua business Budge Collection Limited (Budge) and sole director, Sun Dong Kim, were convicted and fined a total of $71,250 in Auckland District Court after each pleading guilty to four charges of misrepresenting how much alpaca fibre was in their duvets. More>>

Reserve Bank: Labour Calls For Monetary Policy To Expand Goals

Labour's comments follow a speech today by RBNZ governor Graeme Wheeler in which Wheeler sought to answer critics who variously say he should stop lowering interest rates, lower them faster, or that inflation-targeting should no longer be the primary goal of the central bank's activities. More>>

ALSO:

BSA Extension And Sunday Morning Ads: Digital Convergence Bill Captures Online Content

Broadcasting Minister Amy Adams has today announced the Government’s plans to update the Broadcasting Act to better reflect today’s converged market... The Government considered four areas as part of its review into content regulation: classification requirements, advertising restrictions, election programming and contestable funding. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news