ICT consortium contracts await due diligence

The Foundation for Research Science and Technology is looking at subsidising two ICT research consortia.

The Foundation for Research Science and Technology is looking at subsidising two ICT research consortia.

One is the Medici project, which involves new graphical ways of presenting business information and facilitating collaborative working.

The other is in the health IT sector and involves several large providers, such as Orion and a number of universities.

Forst’s Peter Benfell says both projects are still undergoing due diligence.

The idea of a research consortium is to bring together a number of private companies with public-sector research-oriented organisations such as universities to work on a particular set of projects. The private companies must be able to contribute at least $1 million in total to the effort to qualify.

The two ICT consortia being considered were selected provisionally after a tendering process earlier this year. The due diligence process will not be complete for another few months yet, he adds. If the consortia check out satisfactorily, contracts will then be formally signed.

Forst has contracts signed with research consortia in such areas as sheep genomics, wood quality, dairy and meat biotechnology and greenhouse-gas reduction.

Other consortia currently considered but not finalised are in the building and seafood sectors.

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