[08 March/Food Navigator]

The European Institute of Innovation and Technology (EIT) will invest €56.4 million (approx. $108 million NZD) in projects that aim to ‘transform’ the agri-food system in 2019. This is a 44 percent year-on-year increase. EIT Food has six strategic objectives which guide its response to environmental, demographic and health challenges facing humans and the planet. The objectives aim to build consumer trust, help people make informed and healthy choices, and build connected supply systems. Additionally, they will support education and entrepreneurship. EIT said the enhanced investment will be used to accelerate its activities through its partner network made up of over 50 organisations from the food industry and University sector as well as more than 50 agri-food start-ups. A total of 6.8 million pounds has been allocated for projects supporting start-ups, 7.8 million pounds towards the food system education system and 5.2 million pounds towards public engagement. Innovation products with an aim to create marketable products and services will receive funding of 26.4 million pounds.