Monash Food Innovation Centre
Further information about the Monash Food Innovation Centre
Key capabilities offered by the Food Innovation Centre at Monash are:
- Front-end consumer aided services to help businesses to identify the opportunity and select the right ideas to develop into winning products.
- Design and visualisation of ideas using design thinking approach and rapid prototyping through 3D printing and visualisation in virtual stores through Cave 2.
- R&D end to end project management and technical skills from concept to execution in market.
- Building best practice innovation capability for industry and for businesses through the capability program and intrapreneurship programs.
- Access to FIC’s global network of collaborators so the industry can link and leverage expertise and capabilities
- Helping food and non-food businesses to use best practice innovation approaches to solving innovation challenges.
- Ability to draw on deep technical expertise of Monash’s researchers and extensive infrastructure platforms geared towards supporting industry.
- Mondelēz International, the proud maker of Cadbury Dairy Milk, Vegemite, Oreo, The Natural Confectionery Company and Philadelphia, opened the Food Innovation Centre together with the Victorian Government in 2012.
- Following four successful years under its stewardship, the capabilities and scale of Monash will accelerate food innovation in Victoria, helping to unlock opportunities for more companies faster. There are huge opportunities to unlock – many more that Mondelēz International can handle – so we’re pleased to be passing the baton on to Monash to drive food innovation forward.
- Mondelēz International will remain involved with the centre, using its services and facilities, and providing an industry perspective on the advisory board.
- COFCO NHRI is an affiliate of the COFCO Group, a company owned by the government of China. COFCO Group appears on the Forbes Fortune 500 list of companies and is the largest food manufacturer, processor and trader in China. COFCO NHRI is the COFCO Group’s R&D centre, focusing on the systematic research of nutritional requirements and metabolic mechanisms to better the health and welfare of the Chinese people. It engages in quality, safety and applications research along with technology and product development, with the goal of improving the nutrition and health value of livestock feeds and human foods.
Key facts on food exports
- Victoria’s food and fibre sector accounts for half of the state’s total annual goods exports of appx $12 billion.
- 8.3 billion is the forecast global population in 2030 and 9.1 billion in 2050. Food demand is expected to rise by 50 per cent in the next 15 years, and 70 per cent by mid-century. (ABC Fact Check)
- Asia’s middle class could reach 3 billion people by 2030 - two thirds of them in Asia-Pacific. (ABC Fact Check)
- Australia produces about 1 per cent of the agricultural product of the world. (ABC Fact Check)
- There are about 134,000 farm businesses in Australia - 99 per cent of which are family owned, and which produce about 93 per cent of the domestic food supply. (ABC Fact Check)
- Agriculture in Australia and New Zealand will need to find innovative ways to attract domestic and foreign investment between now and 2050. A$600billion in capital investment will be needed to enable production growth and a further A$400 billion will be needed to support farm turnover. (ANZ, Greener Pastures 2012)
- Leadership and commitment from all stakeholders will be critical in unlocking the full potential of Australian and New Zealand agriculture. (ANZ, Greener Pastures 2012)
- International competiveness in agriculture in agriculture is about developing connected and mutually reinforcing areas of high capability where extremely efficient supply chains exist side by side. For this to occur there needs to be top R&D capability, innovative financing, clear strategic vision and productive profitable farms with the requisite scale, organisation, financial acumen, funding and skills. (ANZ Bank Report, Greener Pastures 2012)
- This kind of success, based on clusters of highly competitive activities, has not emerged in Australian agriculture in any substantial way for some years; nor in NZ outside the dairy sector. (ANZ, Greener Pastures 2012)
- Future success requires a systematic focus on fostering globally competitive industries with high potential for growth. This will require the support of highly interconnected service providers including supply chain players, R&D orgs, educational institutions and financiers. When guided by the right strategies, these clusters deliver innovation and competiveness that is realised through lower cost structures, reliable supply, consistent quality and customer focussed product differentiation. (ANZ, Greener Pastures 2012)