FIAL announces $500,000 fund to support food and agribusiness innovation

From low-sugar beverages to energy-efficient technologies and snacks from sustainable food sources, Food Innovation Australia Limited (FIAL) has supported a rich and diverse range of innovation projects in Australian food and agribusinesses.

This grassroots involvement has given FIAL a front-row seat to knowing that innovation is central to the sector’s continued growth. Particularly in light of the current challenges affecting Australia – drought, flood, fire, and viral epidemics.

FIAL has announced its Black Summer Innovation Fund – providing $500,000 to support innovation in Australian food and agribusinesses impacted by recent events like the bush fires and summer storms.

“Backing Australian food and agribusinesses from the bottom-up during times of adversity is crucial,” said FIAL managing director, Dr. Mirjana Prica.

FIAL’s Black Summer Innovation Fund will provide businesses with up to $25,000 to support the development of new products and services. This fund is unique in that businesses are not required to match the value of grant awarded. It aims to encourage food and agribusinesses to think differently about their challenges, using innovation to supercharge their business.

Businesses can partner with technical experts and researchers across the sector to identify commercially relevant innovation opportunities. These could be the development of novel food processing, packaging and agricultural technologies for their new future.

Australian food and agribusinesses owners who have been negatively affected by events of national natural catastrophe or global diseases outbreaks in 2019 or 2020 are encouraged to apply today by visiting here.