Posted: March 31, 2008 | |
$3.8 Million for New Zealand Biotechnology Projects |
|
(Nanowerk News) Biotechnology projects - including one aimed at growing pastures that would see cows produce less methane - shared $3.2 million funding in grants announced this evening. | |
Economic Development Minister Pete Hodgson said the three trans-Tasman biotechnology projects would get the grants under the Australia New Zealand Biotechnology Partnership Fund. | |
The New Zealand Trade and Enterprise administered fund covered up to 25 percent of project costs, with the New Zealand partner contributing another 25 percent and the Australian partner making up the remaining 50 percent. | |
|
|
Mr Hodgson said the joint approach strengthened the position of New Zealand's biotech industry locally, in Australia and internationally. | |
Grants totalling up to $10 million have previously been awarded to nine companies, covering a wide range of biotech projects including the commercialisation of bone graft technology, cancer therapy, nerve repair and a blood-typing product aimed at eradicating potentially life threatening blood transfusion reactions in Asian patients. |
Source: NZPA |
Subscribe to a free copy of one of our daily
Nanowerk Newsletter Email Digests
with a compilation of all of the day's news.
Nanowerk Newsletter Email Digests
with a compilation of all of the day's news.
These articles might interest you as well: