Small food and drink companies have the chance to win a share of £50,000 funding in the first competition aimed at pushing the boundaries in food business innovation and to kick-start the next generation of food production.
The voucher scheme has been launched by Defra, through its Food Innovation Network (FIN), which connects food and drink producers with world-class facilities such as:
- Laboratories and the expertise to help them create new and innovative products
- Production methods.
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.
The competition, run on behalf of Defra by the Knowledge Transfer Network(KTN), will support projects of three to six months. Applicants will need to submit an initial two-minute video pitch and a short description setting out their innovative business opportunity.
The closing date for applications is the 12th January 2018.