Hort Innovation’s transition to a grower-owned Research and Development Corporation (RDC) for Australia’s $9 billion horticulture industry will result in some changes to the system for levy expenditure.
Under the new RDC, levy funding will be split into two pools. Separate advisory mechanisms will exist for investment of potato grower and potato processor levy funds.
Strategic levy investment
Collected from the potato research and development levies, matched by the Australian Government and invested into commodity-specific R&D.
Hort Frontiers strategic partnership initiative
These funds will be collected from co-investors plus excess capital budgeted by the Australian Government that is not spent matching levy payments.
Projects from both pools are considered, investigated and tendered by Hort Innovation, through an advisory mechanism, procurement process and consultation with industry. This process will involve both growers and industry representatives.
The benefits of projects from both pools then flow on to Australian potato growers and processors – the levy payers.
|This communication is funded by Hort Innovation, using the potato research and development levy and contributions from the Australian Government. Hort Innovation is the grower-owned, not-for-profit research and development corporation for Australian horticulture.|