Mission:
To promote, encourage and fund scientific or industrial research and information transfer that relates to the post harvest wool industry.
Wool Research operating philosophy:
- Wool Research will operate as an industry good organisation investing
in projects that will meet the objectives as set out in the rules.
- Projects will be allocated according to a predetermined strategy that the
board will develop on an annual basis.
- Projects will be funded on a contestable basis, and milestones must be
reported prior to payment being made.
- Market failure principles will determine likely funding for projects or not.
- Wherever possible projects will be leveraged with other industry
investment to ensure relevance.
- International collaboration will be welcomed where there is a
demonstrable return to the post harvest New Zealand wool industry.
- Wool Research will at all times attempt to maintain relevant research
capability.
- Administration of Wool Research will wherever possible on a
contracted basis with the overall objective of keeping governance and
administration costs to less than 10 % of income received.
- Wool Research will undertake to report regularly to members and industry
stakeholders on investments and project results.