Government supports new programme to lead New Zealand’s plant protein sector development Hon Damien O’Connor The Government is partnering with Leaft Foods on a $20 million research and development programme that could put New Zealand on the map as a leading leaf protein concentrate producer.Through its Sustainable Food & Fibre Futures fund, the Ministry for Primary Industries is contributing $8 million to the five-year programme to develop technology that extracts edible protein from New Zealand grown green leafy crops.Leaft Foods’ technology will be used to produce high-quality protein in the form of gels or powders that can be used in a range of foods in the fast-growing global market for plant proteins. The plant-based protein start-up will also produce an animal feed that is optimised for ruminant nutrition and has the potential to lower nitrogen losses and emissions on-farm.“A growing number of global food manufacturers and consumers are demanding that their proteins come from a sustainable source,” said Agriculture Minister Damien O’Connor.“This could be a game-changer for pastoral enterprises seeking to take environmental leadership, by providing them with a low impact, locally sourced feed, and the opportunity to diversify into low emission farm systems.Leaft Foods’ programme aims to build on New Zealand’s reputation as a trusted exporter of high-quality protein, while reducing the environmental impact of agricultural systems. It aims to meet the increase in demand for plant proteins in a way that aligns with changing consumer values.Damien O’Connor said that Leaft Foods is building a world-class team of experts to develop the technology. “We’re thrilled to be assisting them to expand and progress their successful laboratory and technical proof-of-concept trials.”“This programme is a great example of the types of innovation and value-add we’re calling for through our food and fibre sector roadmap, Fit for a Better World – Accelerating our economic potential.”Leaft Foods was founded by Dr John Leyland Penno and Maury Leyland Penno, and was launched in August 2019. The company is based in Lincoln, Canterbury. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:Agriculture, building, Canterbury, emission, Government, innovation, leadership, Lincoln, Minister, New Zealand, nitrogen, nutrition, protein, research, sustainable, technology
Trinity Capital Inc., a leading specialty lender providing debt to growth-stage companies, announced today that it has signed a new lease with The Department at 1 North 1st St., Phoenix. Trinity Capital will be moving its headquarters to a new, larger office space in Spring 2021 to accommodate its continued business growth.Specializing in loans and equipment financing, Trinity Capital recently surpassed the $1 billion mark in deployments to growth-stage companies, which are backed by technology banks, venture capital, and private equity firms. Trinity Capital will leverage its new office space to continue expanding its portfolio and become the leading technology investment hub in Phoenix. The office will include an auditorium space to host live interactive sessions with industry experts for entrepreneurs to keep up with the latest innovations in different fields.“Moving to downtown Phoenix is an exciting next step in building a strong future for Trinity and contributing to the growing entrepreneurial ecosystem in the valley,” said Kyle Brown, President and Chief Investment Officer of Trinity Capital. “The location being right in the heart of the city also has a lot more to offer including public transportation, walkable amenities, engaging entertainment and a spirit of innovation. It’s the right spot for us.”Moving to downtown Phoenix places Trinity Capital in the epicenter of an expanding market for startup companies, as the current trend is for innovative and growing companies to move to downtown Phoenix. The city of Phoenix has recently seen tremendous growth in tech startup companies, backed by institutional capital. This move will allow Trinity Capital to capitalize on its proximity to these developing companies, creating more opportunities to provide additional capital through both venture debt and equipment financing to companies that are looking to further extend their runway without diluting ownership.“We are very excited to have Trinity Capital at The Department at 1 N. 1st Street,” said Bret Edson, CEO of Marketplace One. “Trinity operates an excellent business, while facilitating a strong culture and growing a talented team. They will bring great energy to the building and are exactly the type of tenants we want joining us downtown.”“We look forward to welcoming our employees, investors and customers to our new office space next year,” said Brown.
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