Comvita New Zealand Limited’s Innovation team is physically co-located at the Institute for Innovation in Biotechnology at The University of Auckland and has been collaborating on various research projects with the different departments at the university for the past five years. The partnership is a prime example of the triple helix model of university, industry and government collaboration. In this partnership, all three parties are intertwined to provide and receive benefit from each other.
This close working relationship between the business and academia encourages the researchers and students to be both interested in Comvita’s business needs and committed to make discoveries that have strong business relevance. Comvita understands the long term value of this partnership and invests a significant part of their $3M annual R&D spending on the research projects at the university.