Seafood Innovations Ltd has been established as a joint venture research consortium company by Seafood New Zealand Limited and The New Zealand Institute for Plant and Food Research Limited to promote the carrying out of research relating to the seafood industry in New Zealand.
The Ministry of Business, Innovation & Employment is a cornerstone investor in the company on behalf of the New Zealand Government.
Seafood Innovations Ltd aims to underpin growth of the seafood export industry by increasing returns from the current seafood harvest through developing and commercialising innovative, consumer appealing, value added seafood and marine products.
Seafood Innovations will help take the industry from a simple "catch, pack and ship" value-added approach to utilisation of well-characterised fish components for food, health and industrial applications.
The industry sees the possibilities of adding value by utilising every part of the fish and developing new products that are appealing to customers and consumers around the world.
Hoki, squid, Greenshell™ mussels, rock lobster, orange roughy and paua are our main exports today, but tomorrow you could see New Zealand seafood as a key ingredient in benefit plus foods, nutraceuticals and new pre-prepared meal offerings for consumers around the world.
SIL's Intellectual Property Policy is to maximise the benefit to the NZ Seafood Industry from IP arising from the projects in which it invests.