The second year of an industry development program aimed at driving sector investment and job growth has launched in Queensland.
Future Food was developed by Brisbane Marketing, the city's economic development board. Its goal is to help food businesses to scale up.
Its Future Food Global Markets and Investor Readiness Program is a six-week program run by industry experts. It is designed to support businesses develop capability to grow their international business as well as prepare to attract growth capital where needed.
The Future Food MKT READY Program is an incubator program to provide participants with insights into the fundamental building blocks of preparing their business to scale up for next chapter of business growth.
Various Industry development workshops and seminars covering important aspects of food and beverage commercialisation, from e-commerce to IP protection.
The 2018 program generated $29 million for the local economy with 1500 people from 355 South-East Queensland businesses involved.
My Berries co-managing director Stuart McGruddy, participated in the 2018 program. The company has invested in new automation equipment and hired additional staff.
McGruddy said Future Food’s accelerator programs were the perfect way to help businesses like My Berries continue to innovate, grow and reach new global markets.
“One of the key learnings from the Future Food Initiative is how we can tap into global markets that are willing to pay a premium for Australian-grown, Australian-made products,” McGruddy said.