Published: 8:16PM Monday June 23, 2014 Source: ONE News
The Government is investing $1.75 million to fund research projects to develop food products alongside Singapore.
New Zealand must discover and apply new ways of adding value to the goods that we produce, Science and Innovation Minister Steven Joyce said today. 'Developing foods with proven health benefits are one important way of doing this.'
New Zealand's investment will be matched by Singapore's Agency for Science, Technology and Research.
Mr Joyce says NZ's Business Growth Agenda aims to grow exports from 30% to 40% of GDP by 2025 and innovation in the food science and technology industry will be a key contributor.
Because of our small size New Zealand contributes a very small proportion of the world's research and development activity and Mr Joyce says sharing knowledge and working collaboratively with countries such as Singapore is very important.
'At the same time, our innovative food scientists and technologies have given New Zealand an international reputation as a producer of high quality and safe food products, which makes this collaboration an exciting opportunity for Singapore.'
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