• FaBA, GRDC open co-investment round (Image: FaBA)
    FaBA, GRDC open co-investment round (Image: FaBA)

The Food and Beverage Accelerator (FaBA) and the Grains Research and Development Corporation (GRDC) are co-investing on innovation projects in the grains and legumes industry.

The investment is aimed at:

  1. the development of new and innovative food and beverage products and new ingredients using Australian grains and/or legumes; and
  2. the incorporation of new technology or approaches for improving quality and/or reducing waste.

The FaBA & GRDC Investment Round covers the following grains and legumes:

  • wheat;
  • coarse grains – barley, cereal, maize, millets/panicums, oats, sorghum and triticale;
  • pulses – chickpeas, cowpeas, faba beans, field peas, lentils, lupins, mung beans, navy beans, pigeon peas and soybeans; and
  • oilseeds – canola, linseed, safflower, and sunflower.

Work will be completed at one or more of the three participating universities – The University of Queensland, QUT, or the University of Southern Queensland – and would be funded 50/50 between the business and FaBA.

The business would be required to invest between $50,000-$2 million, so the project value would be between $100,000-$4 million.

The scheme is competitive and will require a formal Project Investment Application to the FaBA Project Investment Committee if the EOI progresses.

All Intellectual Property (IP) that is generated by a project is owned by the business. FaBA is completely non-dilutive.

FaBA and GRDC encourage applications from:

  • Australian companies or foreign corporations that have assets in Australia that process Australian grains and/or legumes in Australia;
  • food companies with products that are under FSANZ legislation (i.e. not TGA);
  • have a target launch date of new product/ ingredient in market within 2-3 years;
  • companies with a likelihood of project success;
  • companies that have projects that will help FaBA meet its objectives; and 
  • consortia applications are also possible.

Click here for more details.

Packaging News

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