Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Engender moves to commercialisation of genetic dairy tech

Engender moves to commercialisation of genetic dairy technology, targets US market

By Tina Morrison

Jan. 5 (BusinessDesk) - Engender Technologies, the agricultural technology company spun out of Auckland University, is moving to scale up its sex-selection product for the dairy industry to full commercialisation in the next 18 months and is targeting the US$2 billion dairy artificial insemination industry.

Co-founded by the University of Auckland and seed investment company Pacific Channel in 2011, Engender has secured option-to-license agreements for its technology with three of the world's largest artificial insemination companies, has successfully concluded laboratory trials and is preparing for scaling commercialization, the Auckland-based company said in a statement. In August, the company's first key patent was allowed in the US and its patent attorneys have confidence that it will be granted in its other key markets, it said.

Engender is hoping to capitalise on demand for technology which can control whether calves are born male or female, enabling dairy farmers to focus their production on higher-value milking cows. In the US, it will compete with the dominant market player Inguran, which claims it can deliver heifer calves in about 90 percent of pregnancies, according to a Bloomberg report. Engender claims its technology is gentle on the cells which helps preserve the sperm's fertility resulting in higher conception rates, and it can be brought to market with low capital and low operating costs.

The company said having control over whether a calf will be born a male or female is "extremely attractive" to artificial insemination businesses and dairy farmers as elite female calves bred for their dairying characteristics can be slotted into the production scheme, while male calves offer less utility to dairy farmers.

"Access to a low-cost sex selection technology for dairy would enable farmers to breed off the top half of their herd to double the current rate of genetic gain," said Engender founding scientist Professor Cather Simpson.

"There is an unmet need in the international animal breeding industry for an affordable and effective sperm sex sorting product, notable in the dairy sector," the company said.

Engender said it is preparing a further 11 patent applications related to individual aspects of its technology.

The company said its patents will assist in future discussions with potential licensees, significant investors or acquirers.

Sex-determined semen for breeding remains relatively new and accounts for only 3 percent of a global market, according to Bloomberg.

(BusinessDesk)

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 


Energy Resources Aotearoa: Doubling Of Coal Use Shows Need For Local Natural Gas

New figures showing a near doubling of coal-fired electricity generation highlight New Zealand’s energy shortage and the need for natural gas as a lower carbon alternative, according to Energy Resources Aotearoa... More>>


E Tu: ‘Sense Of Mourning’ As Norske Skog Mill Set To Close

Workers at Norske Skog’s Tasman Mill now know they’ll be losing their jobs in little over a month’s time.
On Wednesday afternoon, workers were told the mill will be stopping production from the end of June... More>>




Stats NZ: Card Spending Sees Strong Growth In May

Seasonally adjusted card spending rose by $189 million (2.3 percent) between April 2021 and May 2021, Stats NZ said today.
Spending rose across all industries for the first time since New Zealand moved to level 1 in June 2020... More>>




Auction: 1.4 Million In Rare Vintage Watches, Gems, Jewels & Diamonds Go Under The Hammer At Webb’s

An auction event showcasing over 1.4 Million dollars in rare jewels, gems, diamonds and vintage watches is due to take place this Sunday by Auckland based auction house Webb’s... More>>

Catalist: NZ’s New SME Stock Exchange, Gets Licence To Go Public

New Zealand has a new stock exchange – designed specifically for small and medium-sized businesses (SMEs) to raise up to $20 million a year from the public.
Called Catalist, the exchange has already been successfully working the private investment sector.... More>>

E-Commerce: Over 40% Of Those Engaged In The Bitcoin Community Are Millennials

Bitcoin has emerged to be a popular topic among millennials with digital currency increasingly being viewed as a potential source of creating wealth through investments. The interest in bitcoin by millennials signals the role this age group plays in the possible realization of the digital currency’s mass adoption... More>>