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

 

Major international agritech announcement expected for NZ

Major international agritech announcement expected for NZ

August 8, 2018

In less than a fortnight, more than 30 New Zealand agritech leaders will make history in Silicon Valley.

They will be part of the international 2018 Silicon Valley agritech immersion programme and Conference, involving Silicon Valley Forum, Tauranga’s Wharf42, Agritech New Zealand, Callaghan Innovation, and New Zealand Trade and Enterprise.

Agritech New Zealand executive director Peter Wren-Hilton says the four-year-old Silicon Valley agritech connection will have a significant and long-term impact on New Zealand’s emerging agritech sector.

Agritech New Zealand is helping build a world class agritech ecosystem but New Zealand needs to integrate agriculture and technology to strengthen its primary export sector,” Wren-Hilton says.

“An exploding world population and climate change is increasing the urgency for more sustainable use of natural resources in farming. Cutting-edge agritech is providing alternatives to traditional farming methods and revolutionising the sector.

“The economic return through increased cross-border trade is now being measured in the high hundreds of multi-million dollars for the New Zealand economy. This is huge with at least five of the original cohort of early stage Kiwi companies engaged in the first Silicon Valley AgTech Immersion Program now formally established in North America.

“These are exciting times for New Zealand agritech. As the global demand for more food grows, we are well placed to provide the knowledge, the products and the services to help make that happen. This month’s Silicon Valley event is just one more key step in that direction.

“We are hoping for a major international agritech announcement later this month, directly involving New Zealand which needs to catch up with some of the world’s leading agritech players including Israel, Ireland, the Netherlands and the USA. What happens over the next few months could well determine just where New Zealand sits in this global industry in the years ahead.

“Innovation in the agritech sector is growing at an exponential rate, with emerging technologies such as AI taking a serious chunk of both attention and investment.

“New Zealand agri-technology competes with the best. If we simply sit back however and don’t take proactive steps to engage with the wider global market, both ag and investment, then we will never reach our full potential.

“As the world’s demand for food increases with its ever-growing population, New Zealand can expand its primary sector further by focusing on producing higher value produce for the world.

“The application of smart technology will not only assist this growth but ensure that it is achieved in far more sustainable long-term ways, caring for our environment and protecting it for future generations.

“New Zealand invests nearly $750 million in research and development for food and agriculture but is only just starting to see innovation startups commercialise the tech resource coming from public and private investment.

“Our country is a big primary producer and tech will very soon make a big difference to agriculture. Digitisation of the farm is impacting agriculture globally,” he says.


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 


Contact: Business Drops, New Generation On Hold

New Zealand’s second-largest energy company Contact Energy (‘Contact’) released its full year financial results for the 12 months to 30 June 2020 (‘FY20’) this morning. More>>

Mining: OceanaGold Announces Receipt Of WKP Mining Permit

MELBOURNE, Australia, Aug. 6, 2020 /CNW/ - OceanaGold Corporation (TSX: OGC) (ASX: OGC) (the 'Company') is pleased to announce it has received the mining permit for Wharekirauponga ('WKP') on the North Island of New Zealand. ... More>>

ALSO:

Economy: COVID-19 Lockdown Has Widespread Effects On Labour Market

In the June 2020 quarter, the seasonally adjusted unemployment rate fell to 4.0 percent, down from 4.2 percent last quarter, while underutilisation rose, Stats NZ said today. More>>

ALSO:

NZ Post: New Research By NZ Post Shows Online Shopping Grew 105% In Alert Level 3

New research by NZ Post into how the COVID-19 response has impacted the way Kiwis shop online, shows online shopping increased 105%* when the country moved into Alert Level 3, and may have changed the way Kiwis shop permanently. Online spend peaked ... More>>

ALSO:

Banking: Westpac NZ Lowers Merchant Fees For Small Businesses

Westpac NZ is rolling out a new merchant fee pricing structure that will lead to cost savings for more than 10,000 small and medium Kiwi businesses, and could make contactless transactions more widely available for customers. On 1 September, most ... More>>

REINZ: Million Dollar Plus Property Sales Increase 11.7% Nationally

The number of properties sold around the country for one million dollars or more during the first half (H1) of 2020 increased by 11.7% compared to H1 2019, with 5,426 million-dollar plus properties sold (up from 4,858 in H1 2019) according to the Real ... More>>

Antarctica NZ: Ice-Olation

Antarctica New Zealand is gearing up for a much reduced season on the ice this year and a very different deployment to normal! Before they head to one of the remotest places on the planet, all personnel flying south with the New Zealand programme will ... More>>

ALSO:

QV Valuations: July House Price Index Illustrates Market Resilience

According to the July 2020 QV House Price Index (HPI) results out today , property values recorded a marginal increase, up 0.2% over the month. This is somewhat of a turnaround from June, after the national index edged 0.2% lower. More>>

ALSO:

Property: Queenstown Rents Experience Biggest Drop In Seven Years

Rental prices in the Queenstown-Lakes district saw the biggest annual percentage drop in seven years after falling 28 per cent on June last year, according to the latest Trade Me Rental Price Index. Trade Me Property spokesperson Aaron Clancy said ... More>>

Seismology: The Quiet Earth

As many daily activities came to a halt during lockdown, the Earth itself became quiet, probably quieter than it has been since humans developed the technology to listen in. Seismologists have analysed datasets from more than 300 international ... More>>

RNZ: James Shaw Says Kiwibank, Not Ministers Should Decide On Investors

Climate Change Minister James Shaw says Kiwibank's decision to stop doing business with companies dealing in fossil fuels is the right one. More>>

ALSO:

FMA: Kiwis Confident Financial Markets Will Recover From COVID-19, Plan To Increase Investments

Despite the majority (60%) of investors experiencing losses as a result of COVID-19, the outlook on investing remains positive, according to a Financial Markets Authority (FMA) survey. Most Kiwis (71%) were optimistic that the pandemic will pass eventually ... More>>

FIRST Union: Warehouse Using Covid For Cover As Extensive Restructure Makes Everyone Worse Off

(FIRST Union comments on The Warehouse consultation and proposed restructure) 'Unfortunately the Warehouse have done the disappointing thing and used Covid-19 to justify a bunch of operational business decisions that will leave hundreds of workers without jobs ... More>>

ALSO: