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

 


High value foods targeted in 1st National Science Challenge

High value foods targeted in first National Science Challenge

April 1 (BusinessDesk) – The government’s pro-science agenda will get an election year push with the announcement of up to 10 major funding deals in areas of importance to the New Zealand economy and society in coming months.

Science and Innovation Minister Steven Joyce announced the award of funding contracts to three universities and two Crown Research Institutes for an initial five years’ funding worth $30.6 million to investigate and validate the nutritional and health benefits of new, high value foods.

Among areas the High Value Nutrition Challenge will examine are the development of foods that improve suppleness, flexibility and recovery from industry and whether foods can be developed that lift levels of immunity and increase allergy tolerance.

“Food and beverages are important contributors to the growth of New Zealand exports. This challenge will focus on how New Zealand can add value through science to our primary produce,” said Joyce in a statement.

The challenge is led by researchers from the University of Auckland, the University of Otago, Massey University, AgResearch, and Plant and Food Research and will become eligible for a further $53.2 million over five years after a review at the initial five year review point.

“Along with relevant Crown research institute core funding of $97 million over ten years, total funding for the High-Value Nutrition Challenge is up to $180.8 million over 10 years,” Joyce said.

Announcements on the Deep South and Resilience to Nature’s Challenges projects are advancing and proposals for the remaining seven challenges are due this month, with funding announcements set to be made through the year.

(BusinessDesk)

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Half A Billion Accounts: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>

ALSO:

Half Full: Fonterra Raises Forecast Payout As Global Supply Shrinks

Fonterra Cooperative Group, the dairy processor which will announce annual earnings tomorrow, hiked its forecast payout to farmers by 50 cents per kilogram of milk solids as global supply continues to decline, helping prop up dairy prices. More>>

ALSO:

Results:

Meat Trade: Silver Fern Farms Gets Green Light For Shanghai Maling Deal

The government has given the green light for China's Shanghai Maling Aquarius to acquire half of Silver Fern Farms, New Zealand's biggest meat company, with ministers satisfied it will deliver "substantial and identifiable benefit". More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news