An industry plan to transform and grow New Zealand’s agritech sector was today launched today by Economic Development Minister Phil Twyford and Agriculture Minister Damien O’Connor.
The agritech sector is set to benefit from Government investment including:
- $11.4 million direct investment in implementing the Agritech Industry Transformation Plan, announced in Budget 2020,
- A share of $84 million of Sustainable Food & Fibre Futures funding brought forward to boost innovation to support the Fit for a Better World roadmap,
- Ongoing support from the Government’s Agritech Taskforce and existing government programmes.
“We want to grow a cluster of large agritech firms that can take on the world, and build on New Zealand’s agricultural strength,” Phil Twyford said.
“Our Government believes we can grow the agritech sector into a stronger economic contributor, increase agritech exports, and advance sustainable primary production in New Zealand.” Continue reading