Chinese strategy
OPINION: Fonterra may have sold its dairy farms in China but the appetite for collaboration with the country remains strong.
Radio NZ reports that the university is so confident about its technology that it is getting behind a new company that has its eyes on selling to the world.
For the past four years, scientists at Massey’s Riddet Institute have worked away at a fermentation process to extract plant-based milk from the seeds of legumes.
They have developed dairy-free creams and milk powders, and the university, through Massey Ventures, was a large shareholder of new company Andfoods, that has raised $2.7 million to get itself off the ground. A chunk of that was from Icehouse Ventures, a New Zealand venture capital firm.
