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

 


Agchem innovation recognised by Callaghan

25 June 2014

Agchem innovation recognised by Callaghan

A major investment in technology by Zelam Limited, a New Plymouth-based agrichemical company, has been recognised by Callaghan Innovation.

Zelam is well-known on the land for its popular agrichemical brands – like TAG G2, Headstart, Pycus and Vixen. But few farmers and growers will be aware that the company behind these brands has one of the country’s largest research teams outside the universities and CRIs.

Each year, Zelam invests up to $3 million in chemistry, field trials and analyses. Now 20 per cent of its New Zealand research budget is being refunded by way of R&D grants from Callaghan Innovation, a government agency that helps fund businesses that invest in research and development.

The aim of the grants is to accelerate innovation by firms in New Zealand, so they turn ideas into marketable products and services more quickly and successfully.

“Of our 45 staff, 17 are full-time researchers,” says general manager Andrew Thompson.

“Our research focus is on tried and true agrichemicals that are off-patent. By developing novel formulations and delivery mechanisms for these products, we are helping farmers to beat weeds, pest and diseases that continue to prevent crops reaching full yield potential.

“We have developed formulations that are effective at lower application rates than established products. In addition, our oleo formulations make it easier for farmers by providing a one-drum product, versus having to mix separate products that are not normally stable in water.”

Of the company’s 10 top selling products, eight are based on Zelam IP. These include innovative mixes of chemical actives, the use of micro-encapsulation technology developed by Zelam and the adaptation through trial work in New Zealand of actives used in unrelated crops overseas.

Some of Zelam’s formulations have a big potential to earn foreign exchange from sales overseas. But most of the company’s products will reward taxpayer support indirectly – by making farmers and growers more efficient and helping boost the primary export economy.

Research manager Paul Lobb says the Callaghan funding is very welcome.

“Over the next five years we expect to get Callaghan grants of up to $3 million, which gives a good indication of the investment we are making in new technology. This will enable us to increase our investment in R&D by a similar amount.”

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Scoop Business: RBNZ Starts Talks On Tougher Rules For Property Speculators

The Reserve Bank of New Zealand is stepping up preparations to restrict lending to residential property investors as it watches house prices, particularly in Auckland, continue to rise strongly. More>>

ALSO:

Research: ‘Ageing Well’ Science Challenge Launched

Science and Innovation Minister Steven Joyce today launched the Ageing Well National Science Challenge, confirming initial funding of $14.6 million. More>>

ALSO:

Scoop Business: Govt Resisting Pressure To Pump More Cash Into Solid Energy

Prime Minister John Key says it is “not the government’s preferred option” to make a fresh capital injection into the troubled state-owned coal miner, Solid Energy, but dodged journalists’ questions at his weekly press conference on whether that might prove necessary... More>>

ALSO:

Lagest Ever Privacy Breach Award: NZCU Baywide Accepts “Severe” Censure In Cake Case

NZCU Baywide says that once it was found to have committed a breach of a former staff member’s privacy, it had attempted to resolve the matter... the censure and remedies for its actions taken almost three years ago are “severe” but accepted, and will hopefully draw a line under the matter. More>>

ALSO:

Scoop Business: PayPal Stops Processing Mega Payments; NZX Listing Still On

PayPal has ceased processing payments for Mega, the file storage and encryption firm looking to join the New Zealand stock market via a reverse listing of TRS Investments, amid claims it is not a legitimate cloud storage service. More>>

ALSO:

Housing Policy: Auckland Densification As Popular As Ebola, English Says

Finance Minister Bill English said calls by the Reserve Bank Governor for more densification in Auckland’s housing were “about as popular in parts of Auckland as Ebola” would be. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news