A new Food Innovation Hub is set to be funded by the Department of Agriculture, it has been confirmed.
They have announced that they will fund the new Food Innovation hub development, which is estimated to cost in the region of €8.8 million. It will come up at the Teagasc Moorepark Campus.
The aim of the hub is to create a business innovation network, to help the food sector secure new markets outside of the UK after Brexit. It will include dairy producers, development programmes, incubator firms, Moorepark Technology and public-private partnership based research. The research will focus mainly on food processing, food quality and nutrition.
Taoiseach Leo Varadkar says the new hub will help businesses to expand and continue to attract investment post Brexit.
“Small and medium sized agri-food businesses are already preparing for Brexit by taking an innovative approach and opening up new European and international markets outside of the UK. This new National Food Innovation Hub will help Irish businesses to innovate and expand, keeping our agri-food sector competitive and attracting investment in a post-Brexit world.”, he said.
12 customer application suites will be equipped with both offices and laboratories. These suites will allow companies to obtain a campus presence as well as carry out the development of new products.
The hub will be directly linked to the Teagasc Food Research centre and Moorepark Technology. This will enable a closer interaction between food companies and the research departments on the campus. While it is also hoped that it will help develop a platform for economic growth, innovation and job creation.
Minister Michael Creed said,”“Food Wise 2025 identified Research, Development and Innovation as key drivers of competitiveness in the agri-food sector. In this context, it recommended collaboration between industry and the research community to advance research and new product innovation. The National Food Innovation Hub is key to implementing this strategic recommendation.”