Mt Cook Alpine Salmon says a Government funding boost will help it develop new processes and value-added products.
The company will receive a grant from Callaghan Innovation, an agency set up to support research and development in businesses.
Mt Cook Alpine Salmon which has salmon farms in Twizel and a processing plant at Timaru.
Chief operating officer Janine Tulloch said the company aimed to process 1000 tonnes of fish this year, up from 600 tonnes in 2014.
The funding from Callaghan Innovation is essentially in the form of a rebate, she said.
"Knowing that that's coming gives us the confidence in investing probably a little more than we would have invested in the first place...being able to bring in consultants ... to aid us in some of the development we're wanting to do.
The company would look at new product development and at how to tackle some inefficiencies on the farms. New processes would include fish feeding and harvesting systems.
Thirteen businesses received grants for 2015 worth a total of more than $25 million over the next three years.