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New Zealand tech companies are attracting millions of dollars

According to AgritechNZ chief executive Brendan O’Connell, New Zealand tech companies are attracting millions of dollars of investment. Aotearoa agritech is seeing remarkable progress in new global partnerships, collaborations, investments and team growth.

A surge of company announcements from around the country support the sector focus exemplified in New Zealand’s agritech industry transformation plan. It feels like fertile ground for a burst of growth in 2022 and beyond, he says.

“Dunedin’s AbacusBio has just announced their deepening relationship with Bayer Crop Science, in the area of predictive plant breeding. It’s a powerful partnership and an excellent example of New Zealand research and technology strengths having global impact.”

O’Connell says global agritech business Bluelab, based in Tauranga, have brought on new shareholders Pioneer Capital and New Zealand Superannuation Fund to fund further growth of their business.

Source: makelemonade.nz


Photo source: Dreamstime.com


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