Research and Development
Innovation is at the heart of the industry’s vision for a competitive future and it maintains a huge potential for growth into Asia.
Innovation in both product and production hold the key to:
- Raising productivity
- Improving competitiveness in both domestic and export markets
- Opening up new markets
- Responding effectively to consumer trends.
Governments must back the innovative capacity of Australian manufacturers through R&D tax incentives and accelerated capital depreciation to maintain and enhance the industry’s competitiveness.
The AFGC strongly supports the creation of a food innovation hub/network outlined by the Manufacturing Taskforce to facilitate enhanced collaboration between researchers and industry; improve industry capabilities especially SME’s; assist with information failures related to supply chains; improve insights (especially Asia) and attract foreign investment.
The Food and Agribusiness Growth Centre has the potential to build on Australia’s comparative advantages in the food processing sector including:
- Skilled workforce and strength in R&D
- Well established multinational companies and an agile and innovative SME cohort
- High quality food safety and hygiene systems
- Proximity and familiarity with growing Asian markets
- Proximity to high quality “clean and green produce
- Advance marketing and design expertise.