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Share of £50,000 of Innovation Funding up for Grabs by Small Food and Drink Companies

Small food and drink companies have the chance to win a share of £50,000 funding in the first competition aimed at pushing the boundaries in food business innovation to kick-start the next generation of food production.

The voucher scheme has been launched by Defra, through its Food Innovation Network (FIN), which connects food and drink producers with world-class facilities such as test-kitchens, laboratories and the expertise to help them create new and innovative products and production methods.

Global demand for food is projected to grow 60% by 2050 – the Government is committed to making sure Britain, with its scientific know-how and flair for innovation and quality, is in a superb position to take advantage of this. Micro, small and medium sized food and drink businesses will be able to compete for one of 10 £5,000 FIN vouchers – with matched funding from industry – by pitching their innovative projects to a ‘dragons den’ panel of industry and technical experts.

The winners will be those who demonstrate their ideas are novel, achievable and support business growth. The money will allow food producers to invest in a wide range of innovative projects, such as reducing the use of water in growing vegetables, and creating new business opportunities.

Click here for more information. Deadline is 31st January 2018.

 

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