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Eight food companies will share a total of $8.75m of government co-investment to support a transition away from fossil fuels, with a couple of recipients now successful in multiple funding rounds. Over the three rounds of the fund, the total signed-off for food firm investment comes to more than $46m from total funding of $68.7m across 53 projects. Warkworth’s capsicum growing joint venture Southern Paprika has been approved for $4,98m of investment from this third deployment of the GIDI for a project to reduce emissions by 70% through the installation of a 10MW Biomass heat and CO2 Capture Boiler.
Fonterra’s R&D teams are working to develop dairy products that deliver health benefits around improved cognition, sight and even mood. We hear from Judith Swales, CEO of Fonterra Asia Pacific, to learn more.
Tāmaki Regeneration Company, Tātaki Auckland Unlimited and In The Flow State founder Tyrone Tangara-Makiri opened an innovation hub last week in Ukutoia-Glen Innes with big plans. The hub will assist local rangatahi Māori and Pasifika entrepreneurs as they start their businesses. The hub, named "Reserve", took three years to develop and was borne out of a need to connect with other local prospective entrepreneurs.
Five finalists have been announced for this year's round of Innovate Whanganui. The Dragon's Den-style competition puts local entrepreneurs in front of a panel of judges to compete for a $5000 cash prize. it is a collaboration between economic development agency Whanganui & Partners and Palmerston North business collective The Factory. Strategic lead for business at Whanganui and Partners, Tim Easton, said there were more than 30 entries this year.
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