{"id":86877,"date":"2017-11-30T15:30:12","date_gmt":"2017-11-30T15:30:12","guid":{"rendered":"http:\/\/mostafa.openonline.co.uk\/?guid=6ca674972c6652bf503cebdc01da4c6f"},"modified":"2017-11-30T15:30:12","modified_gmt":"2017-11-30T15:30:12","slug":"press-release-share-of-50000-pot-to-be-won-by-small-food-drink-business-innovators","status":"publish","type":"post","link":"https:\/\/mostafa.openonline.co.uk\/?p=86877","title":{"rendered":"Press release: Share of \u00a350,000 pot to be won by small food & drink business innovators"},"content":{"rendered":"
\n

Small food and drink companies have the chance to win a share of \u00a350,000 funding in the first competition aimed at pushing the boundaries in food business innovation to kick-start the next generation of food production.<\/p>\n

The voucher scheme has been launched by Defra, through its Food Innovation Network<\/a> (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.<\/p>\n

Global demand for food is projected to grow 60% by 2050 \u2013 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.
\nMicro, small and medium sized food and drink businesses will be able to compete for one of 10 \u00a35,000 FIN vouchers – with matched funding from industry – by pitching their innovative projects to a \u2018dragons den\u2019 panel of industry and technical experts.<\/p>\n

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.<\/p>\n

Food Minister George Eustice said:<\/p>\n

\n

Our thriving food and drink industry needs to be innovative in order to be resilient and globally competitive.<\/p>\n

Some of our most innovative food businesses are smaller companies and each has unique challenges, from prolonging the shelf life of their products to developing new sources of protein.<\/p>\n

This new fund is aimed at helping support small businesses with a bright idea to develop their concepts in partnership with researchers or academic institutions.<\/p>\n<\/blockquote>\n

The competition, run on behalf of Defra by the Knowledge Transfer Network<\/a> (KTN), will support projects of three to six months.<\/p>\n

Applicants will need to submit an initial two-minute video pitch and a short description setting out their innovative business opportunity.<\/p>\n

All ideas will need to demonstrate the need for research and development, innovation in the proposed solution, path to commercial application(s), nature of market opportunity and value for money.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

New competition to drive innovation in the UK food sector launches today<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"_links":{"self":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/86877"}],"collection":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=86877"}],"version-history":[{"count":0,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/86877\/revisions"}],"wp:attachment":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=86877"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=86877"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=86877"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}