New Zealand has joined other shareholders as Foundation Investors in the Australian Synchrotron, which is located near Monash University in Melbourne. Each Foundation Investor contributed AUD$5 million as equity towards the cost of building the beamlines.
The New Zealand investor is the New Zealand Synchrotron Group Limited; a company formed by Auckland, Massey, Waikato, Victoria, Lincoln, Canterbury and Otago universities, Plant & Food Research Limited, AgResearch Limited, GNS Science Limited and Callaghan Innovation. In addition to funds provided by these institutions, the New Zealand Government contributed grants to assist with the purchase of shares and meeting operating cost obligations. The Government is not a shareholder in the company. Read more . . .