New ownership agreement for FoodBowl in Auckland

Steven JoyceMinister of Science and Innovation Steven Joyce has announced a joint venture ownership agreement for New Zealand Food Innovation Auckland Ltd, trading as The FoodBowl – Te Ipu Kai.

The agreement and partnership sees Callaghan Innovation owning and funding two-thirds of The FoodBowl and Auckland Toursim, Events and Economic Development (ATEED) owning and funding the remaining third.

The partnership recognises the strong links between the goals of New Zealand’s new innovation hub Callaghan Innovation and Auckland’s economic growth agency ATEED, says Joyce.

The FoodBowl, previously funded by the Ministry of Business, Innovation and Employment (MBIE) and ATEED, and operated by ATEED, opened in 2011 provides high tech facilities and expertise for both star-up and established food and beverage services looking to develop new products or test new processing facilities.

The FoodBowl will be provided with funding of $3 million a year as part of an initial three-year funding agreement. Callaghan Innovation, established on 1 February this year, already has a national interest in food and beverage innovation as funder of the New Zealand Food Innovation Network.

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