Teys Australia Collaborative Innovation Strategies Partnership Program Stage 3

Summary

​Teys Australia have previously completed Stage 1 and 2 of a Collaborative Innovation Strategies Partnership (CISP)) with MLA – more recently re-badged by MLA as the Co-Innovation Program. The CISP has been hugely successful for Teys Australia and MLA and has resulted in benefits for both entities as well as the industry more broadly as outlined in this report and individually published project reports over the last 3 years.

Stage 3 of the CISP was scheduled to run October 2015 – October 2018. Teys Australia has recently completed Stage 3 of the CISP which focused on project execution and increasing value all along the supply chain through strategic projects.

Projects initiated under this stage of the CISP were strategic projects aimed to drive customer expectation through the supply chain with incentives. This has had significant implications for Teys Australia and the entire beef supply chain through research into new technologies whilst building capability for all. Identifying and developing relationships with tertiary institutions and researchers both here and overseas as a means of building capability amongst our next generation of leaders has become a particular focus area for the business.

Stage 3 focused on increasing value through the supply chain, strategic initiatives and project execution. To achieve this, the project portfolio under CISP stage 3 included a smaller number of highly strategic and significant projects and a multi team approach to innovation.

25 projects were co-funded during stage 3 of the CISP with a combined budget of $7,658,712. The overall success is demonstrated by the comprehensive range of projects completed and the contribution of innovation insights provided to MLA and to the industry.