Food, goal of $ 60 million collaboration with Singapore

Data and the future of food as we know it are the subject of a major collaboration with Singaporean scientists who have benefited from an assistance of nearly 60 million of government dollars

. spend for a new "strengthened partnership" with the city-state of the island over the next four years

Investment would mean that negotiations between the two countries could be concluded, Ministry of Business, of Innovation and Employment (MBIE) Director Simon Rae said:

New Zealand and Singapore have been working together on science, technology, and innovation for more than four decades .

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"Data science and future food initiatives have been chosen to build on existing research collaborations while focusing on transformational technologies that will drive future growth," he said.

"We are currently discussing with the Singaporean Government the design of these initiatives, including the identification of implementing research institutions and leading scientists in both countries." [19659002] Rae said linking with other countries was essential to building the capacity of the New Zealand science system. regional hub, gateway to fast-growing Asian markets and investing $ 4 billion a year in its research institutions

"Partnership Provides an Opportunity to Leverage Singapore's Data Strengths and nutrition, in order to develop New Zealand's own capabilities in these areas and to diversify our economy. "

The proposed Future Foods program would aim to develop food products from new sources to meet future demand for nutrients and affordable diets.

"The agreement has the potential to give direct access to a new market for New Zealand food producers, and to increase the capacity N New Zealand's agri-food industry will address several challenges related to "foods of the future," such as consumer preferences for texture and taste, nutritional value, and sustainability. "

Elsewhere in the 2018 budget, the government set aside about $ 1 billion in the next four years for tax cuts on tax credit for research and development, what the Minister of Innovation, Megan Woods was hoping, the announced tax credit in advance allowed companies to claim 12.5 cents per dollar for every dollar spent on research and development, provided the bill exceeds $ 100,000 per year.