In the submitted budget proposal for 2019, it is proposed that the financial contributions of the Ministry of Industry and Innovation to Matís Food Research be cut by 12% from the 2018 contribution.
If the proposal is successful, Matís' service agreement with the Ministry of Industry and Innovation will therefore be reduced to ISK 397.9 million in 2019. The service agreement will be used, among other things, to finance research and development projects to meet funding from funds, but according to the 2018 budget of Matís' income. It is common for comparable parties abroad who conduct research and development for the benefit of the business community and society to enjoy at least 35-50% funding in direct contributions from the public sector.