A 'world-class' agricultural research and education facility will be constructed at Lincoln University next year.
Science and Innovation Minister Steven Joyce and Primary Industries Minister Nathan Guy today revealed plans for the ambitious project.
The hub will see educators, research organisations and businesses physically located and working together.
Around 900 staff will work at the hub, which is planned to sit beside the university.
Lincoln University Chancellor Tom Lambie said the new hub would be a global centre for research and education.
''As the university works through our overall campus plan and strategic direction, we have been presented with a rare opportunity to set up a world-class hub bringing together the recognised expertise of the five partners for the good of the land-based sectors,'' Lambie said.
''The work of the hub will be crucial to food production and agribusiness, with the ultimate goal of greater wealth and environmental outcomes for New Zealand.''
The Lincoln Hub proposal was put to the government by five partner organisations - AgResearch, DairyNZ, Landcare Research, Lincoln University and Plant and Food Research.
Precise details of investment in the hub will not be available until the end of the year, but it will combine public and private funding.
AgResearch, New Zealand's largest Crown Research Institute, plans to invest $100 million in key agricultural innovation hubs nationwide over the next four years.
Some of that cash will be headed for the Lincoln hub.
Lincoln University has insurance recovery claims and a wider campus plan under consideration.
The two main funding streams from AgResearch and Lincoln University will provide the short-term funding for the Lincoln Hub.
DairyNZ will either commit capital to build, or operating expenditure to lease infrastructure.
Other private sector companies are understood to be interested in the project, which is still in the concept stage.
Construction of the hub is scheduled to start in 2014.
- The Press