New Zealand to spend 15 ml USD for food innovation network

15:09, March 11, 2010      

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The New Zealand government will spend 21 million NZ dollars (15 million U.S. dollars) to establish a network of open-access food development facilities across the country, Economic Development Minister Gerry Brownlee announced on Thursday.

"New Zealand's export base is reliant on our food and beverage industries. The government wants to encourage them to create more value from their products to help raise our economic growth rate," Brownlee said in a media statement.

Brownlee said this new initiative will be a collaboration between the government, industry, research and education providers and local government.

It will have four regional hubs in Manukau, Waikato, Palmerston North and Canterbury and an overarching network organization.

Source: Xinhua
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