Supermarket giant backs Sydney SME Harvest B
Woolworths’ venture capital arm w23 is one of the backers in a bumper $4m funding round for Sydney-based premium proteins start-up Harvest B.
Woolworths’ venture capital arm w23 is one of the backers in a bumper $4m funding round for Sydney-based premium proteins start-up Harvest B.
Australia’s food and beverage supply chains are being held back by ageing technology, underinvestment in digital and a lack of data-driven insight, says Accenture’s Jordan Griffiths, who offers some recommendations to manufacturers.
Next month, the world’s largest meal-kit company is opening a new 25,500sqm manufacturing and distribution complex near Melbourne. Reportedly the largest such facility in Australia, the new ‘Tuckerbox’ will exemplify sustainability.
All-Australian manufacturer McKenzie’s Foods has expanded its range of flours on the back of the pandemic-lockdown-related home baking boom and increasing health-consciousness in consumers.
Consumer demand for plant-based meat substitutes grew exponentially over FY2019-2020 according to a report by think-tank Food Frontier.
Announced on 10 March 2021, the federal government’s new Commercialisation Fund offers dollar-matched grants of between $100,000 and $1m to small-scale, collaborative manufacturing projects.
Australian food and beverage manufacturing firms have just four weeks to apply for grants under Round 1 of the federal government’s Modern Manufacturing Initiative to help them scale up, employ and export. So act fast!
Australia’s longest-running biscuit manufacturer is diversifying into the lucrative snack foods and cereals space, forging a deal to buy a 75 per cent interest in local health-food manufacturer Diver Foods just two months after its purchase of Freedom Foods.
Australia’s national science organisation has teamed with national vegie producer Fresh Select to launch new food manufacturing company, Nutri V, which plans to process surplus fresh vegetables into powders, snack foods and more.
The state’s 2020-21 Budget pledges $65m to ag-focused programs to incentivise on-farm innovation, infrastructure and energy-efficiency. support emerging food sectors and paths to export, and improve regional education and R&D.