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.
Strategic levy investment
Collected from the vegetable research and development levy, 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 and matched with Australian Government funds that are not spent matching levy funds.
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 vegetable growers – the levy payers.
|This communication is funded by Hort Innovation, using the vegetable 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.|