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

 


Precision Seafood Harvesting Wins At 2014 KiwiNet Awards

12 June 2014

News Release

Precision Seafood Harvesting Wins At 2014 KiwiNet Awards

Precision Seafood Harvesting or PSH – a new, sustainable fishing technology tipped to revolutionise the global industry – won two major categories at the KiwiNet Research Commercialisation Awards last night along with being named runner up for the night’s Supreme Award.

Primary Industries Minister Nathan Guy has welcomed the “fitting recognition” of the six-year Primary Growth Partnership (PGP) programme. Precision Seafood Harvesting is the commercialisation phase of nearly ten years of New Zealand research. Fishing companies Aotearoa Fisheries, Sanford and Sealord are investing $26 million into the project under a Primary Growth Partnership with the Ministry for Primary Industries, which is matching the industry investment. Scientists at Plant & Food Research are partnering with the fishing companies to develop and trial the technology on commercial fishing vessels.

“The programme is in its third year of commercialising fishing technology that will allow fish to be landed alive, and in perfect condition, while safely releasing small fish and by-catch,” says Guy. “The potential economic and environmental benefits are huge, and it’s no surprise it’s attracting so much attention. This is a $52 million project with funding from both industry and government.”

PSH netted the Researcher Entrepreneur Award for Alistair Jerrett at Plant & Food Research, recognising smart entrepreneurship and the vision and ability to bring clever science to market. The programme also took out The People’s Choice Award recognising the Plant & Food scientists voted by their peers following yesterday’s Awards Day presentations for research commercialisation excellence that is well presented and inspires others. PSH was also named runner up for the Kiwinet Supreme Award.

Alistair Jerrett said he was humbled by the award and thanked the fishing company partners in the project for their foresight to “collaborate on and invest in creating a sustainable future for fishing, which has the ability to change the way the world fishes. “

Sealord CEO Graham Stuart, said that PSH was a “once in a lifetime opportunity for science, Government and the companies involved. The positive impacts of the technology for sustainability and quality are transformative and expected to boost export returns by $100m by 2020 through use of the PSH technology.”

PSH is a best-practice example of the innovation that the partnership between government, Crown Institutes and businesses enables.

”It shows that smart ideas and smart action deliver smart results,” says Guy.

KiwiNet, or the Kiwi Innovation Network, is a consortium of 13 Universities, Crown Research Institutes and a Crown Entity established to boost commercial outcomes from publicly funded research. -ends-

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Economic Update: RBNZ Says Rate Cut Seems Likely

The Reserve Bank will likely cut interest rates further as a persistently strong kiwi dollar makes it difficult for the bank to meet its inflation target, it said. The local currency fell. More>>

ALSO:

House Price Action Plan: RBNZ Signals National Lending Restrictions

The central bank wants to cap bank lending to property investors with a deposit of less than 40 percent at 5 percent and restore the 10 percent limit for owner-occupiers wanting to take out a mortgage with a deposit of less than 20 percent, according to a consultation paper released today. More>>

ALSO:

Sparks Fly: Gordon Campbell On China Steel Dumping Allegations

No doubt, officials on the China desk at MFAT have prided themselves on fashioning a niche position for New Zealand right in between the US and China – and leveraging off both of them! Well, as the Aussies would say, of MFAT: tell ‘em they’re dreaming. More>>

ALSO:

Loan Sharks: Finance Companies Found Guilty Of Breaching Fair Trading Act

Finance companies Budget Loans and Evolution Finance, run by former 1980s corporate high-flyer Allan Hawkins, have been found guilty of 106 charges of breaching the Fair Trading Act for misleading 21 borrowers while enforcing loan contracts. More>>

ALSO:

Post Panama Papers: Govt To Adopt Shewan's Foreign Trust Recommendations

The government will adopt all of the recommendations from former PwC chairman John Shewan to increase disclosure and introduce a register for foreign trusts with new legislation to be introduced next month. More>>

ALSO:

The Price Of Cheese: Cheddar At Eight-Year Low

Food prices decreased 0.5 percent in the year to June 2016, influenced by lower grocery food prices (down 2.3 percent), Statistics New Zealand said today. Compared with June 2015, cheese prices were down 9.5 percent, fresh milk was down 3.9 percent, and yoghurt was down 9.2 percent. More>>

ALSO:

Financial Advisers: New 'Customer-First' Obligations

Goldsmith plans to do away with the current adviser designations which he says have been "unsatisfactory" in that some advisers are obliged to disclose potential conflicts of interest and act in their customers' best interests, but others are not. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news