Parliament

Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 

PGF supports artificial intelligence and food development

Fletcher Tabuteau

Parliamentary Under-Secretary for Regional Economic Development


23 August 2019 MEDIA STATEMENT


PGF supports artificial intelligence and high end food development in Top of the South

The Top of the South is set to benefit from Provincial Growth Fund (PGF) support for initiatives that include the establishment of an Artificial Intelligence Institute and a Food Factory for start-up food producers, Parliamentary Under-Secretary for Regional Economic Development Fletcher Tabuteau announced in Nelson today.

The investments totalling over $4.5 million are:

• Nelson Artificial Intelligence Institute Limited (NAII) $3.4 million loan

• The Food Factory (Picot Productions Ltd) $778,000

• Economic development project delivery (Nelson District Council and Marlborough District Council) $400,000

“Artificial Intelligence is on the cusp of a global revolution and I am pleased the PGF has recognised the economic and social opportunities the Artificial Intelligence Institute will bring to the Top of the South region and New Zealand as a whole,” Fletcher Tabuteau said.

“The Institute will focus initially on using artificial intelligence in the aquaculture industry in a region where 70 per cent of the country’s aquaculture industry is located and where untapped potential remains.

“The term ‘artificial intelligence’ is simply the use of mathematical tools that enable discoveries and decisions to be made quickly and easily when there are large datasets that are impossible to manually analyse.

“The proposal is a mix of commercial activity, with a strong education focus involving the Nelson-Marlborough Institute of Technology, and over time, the Institute will expand into different sectors and across the country.”

Fisheries Minister Stuart Nash says aquaculture could play a much bigger role in our primary sector if it is supported to respond to trends and forces shaping our future.

“In the face of change, the Coalition Government is pursuing opportunities to strengthen our market position, to innovate, and to operate more sustainably. Aquaculture is already a success story and with a strong programme of innovation and co-investment with industry we can build on our premium high value products. Artificial intelligence has the potential to drive real improvements in monitoring, real-time information and data analysis to help to better manage farms,” Mr Nash said.

“I am really excited the PGF is also supporting the construction of the Food Factory, an initiative spearheaded by Picot Productions Ltd, which produces Pic’s Peanut Butter,” Fletcher Tabuteau said.

“The Top of the South region is known for its high value horticulture products, as well as artisan products such as cider, cheeses, olive oil and baked goods. The Food Factory will provide start up food companies with a collaborative environment to develop new food products.

“The finished project involves a series of enclosed, fully equipped, commercial kitchens to enable aspiring food and beverage entrepreneurs to test their product’s concept, potential scalability and marketing in a supported environment. Advice and support will also be on hand, along with market opportunities and exposure to visitors and the tourist market.

“The PGF has also provided $400,000 funding over two years to help grow the region’s other planned economic development projects. This funding is consistent with the PGF’s commitment to support regions in the country with their regional economic development capability.

“These PGF investments announced today will build on the great strides the Top of the South region is already making and I’m proud that the PGF is maximising on the boundless opportunities in the region to be enjoyed by generations to come,” Fletcher Tabuteau said.

ends

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Compensating Afghan Civilian Casualties

Reportedly, there have been nine incidents resulting in 17 civilian deaths and injuries (seven of the dead were children) caused by ordnance left behind on what used to be the firing range of our Provincial Reconstruction Team (PRT) in Bamiyan province.

Given that the NZ Defence Force has needed to be hauled kicking and screaming into belatedly arranging an adequate clean-up of its old firing range… what would it take before New Zealand offers to pay compensation to the families of those who suffered death and injury from what was left behind on our watch? More>>

 

Fossil Fuel Investment: ACC Must Lead On Climate Change

As the largest publicly owned investor in New Zealand, the ACC board should divest from fossil fuels, demonstrating our leadership role on climate change, Green Party MP Chlöe Swarbrick said today. More>>

ALSO:

Total Officers, Up Less: Coalition's 1800 New Police Officers

The Coalition commitment to add 1800 new Police officers to frontline policing has been achieved with the graduation of 59 constables from the Royal New Zealand Police College today. More>>

ALSO:

Predator Free: $3.5m For New Pest Controls

New Zealand First is proud to announce the Provincial Growth Fund (PGF) has allocated $3.5 million to develop innovative predator control approaches which will reduce the need for repeated 1080 use. More>>

ALSO:

Children's Day: Commissioner Calls For Govt Commitment

“Three decades on, we are able to celebrate some significant changes for children like the recent launch of a Child and Youth Wellbeing Strategy. But we still have a long way to go to prioritise children’s rights.” More>>

ALSO:

Elections: Proposed Electorate Boundaries Released

The Representation Commission is proposing changes to half of New Zealand’s electorates and establishing a new electorate in south Auckland… More>>

ALSO:

"Effectively A Permanent Amnesty": Final Month For Gun Ban Compensation

The firearms buy-back comes to an end a month from today, but the police say the amnesty for returning banned guns will continue into next year and beyond. More>>

ALSO:


SPECIAL GUNS FOR FOREIGN SECURITY:


MORE ARMED POLICE:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels