Developing smart, sustainable food and beverage products and technologies will be the focus of a new collaboration between Food and Agribusiness Network (FAN) and Australia’s Food and Beverage Accelerator (FaBA).
As one of Australia’s leading food, beverage and agribusiness clusters, FAN continues to shape the industry by creating an ecosystem that supports collaboration, accelerates innovation, and drives trade both locally and globally.
FAN CEO, Nicole McNaughton, said the partnership with FaBA will greatly benefit the organisation’s members and accelerate their growth.
“From assistance with developing new products and access to research and technology to commercialisation support and collaborative opportunities, our local food, beverage and agribusinesses will gain access to opportunities and systems that will fast track their success,” McNaughton said.
“Recent figures estimate the food and agribusiness industry on the Sunshine Coast alone is valued at just over $1 billion, and we are confident that with FaBA’s support, we will see that growth continue.”
A $160 million initiative, FaBA is backed by the Federal Government and invests with small- to medium enterprises, startups, and large corporations to help grow their business and achieve commercial success by bringing together industry and universities to deliver new innovations, ingredients, products and skills.
FaBA director, Dr Chris Downs, said, the organisation has developed an innovative, integrated process to support businesses across the innovation pipeline – from new ideas to new ingredients, building capabilities to building commercial application – that helps lead to commercial success.
“By working together, we will assist FAN’s members to thrive in the ever-evolving food and beverage manufacturing market,” Downs said.
“This collaboration is about creating innovative products and ensuring producers are set up for success so they will thrive.”
