MSC NewsWire

Founded by Max Farndale 1947 - 2018
Friday, 12 August 2022 02:11
  • Home
    • About Us
    • Pricing
    • Global Presswire
    • Industry Organisations
  • News Sectors
    • Headlines Through Today
    • Environmental Talk
    • Out of The Beehive
    • Primary Sector Talk
    • Reporters Desk
    • The MSC NewsReel
    • MSCNetwork
    • FinTech Talk
    • The FactoryFloor Newsreel
    • Trade Talk
    • News Talk
    • Industry Talk
    • Technology Talk
    • Blockchain
    • Highlighted
    • The TravelDesk
      • TravelMedia
      • Sporting Tours
      • Holidays Tours Events + More
      • Airfares
      • Travel Enquiry Form
      • TravelBits
    • Travel Updates
    • The MSC TravelDesk Newsreel
    • Travel Talk
    • Travel Time
    • The Bottom Line
    • Regional News
    • News to Run Advice Form
    • World News
    • NewsDIRECT
    • MSCVoxPops
    • Press Releases
  • National Press Club
  • Contact Us

Closer Californian ties crucial for NZ tech growth

  • font size decrease font size decrease font size increase font size increase font size
  • Print
  • Email

Leading New Zealand tech expert Graeme Muller arrived back home from Silicon Valley today convinced New Zealand needs closer tech ties with Californian to help produce a thriving Kiwi economy.

Muller, chief executive of NZTech, was part of a large New Zealand contingent which has been engaging with leading US agribusinesses and Silicon Valley tech firms to learn about US agritech opportunities.The United States has played a big role in trailblazing technology such as giant online retailers, social media apps and the growth of the cloud, Muller says.“We all know that Silicon Valley is the leading technology hotspot in the world, so it was exciting and historic that Agritech New Zealand signed two landmark agreements while in the Valley.“One with the giant of fresh produce, Western Growers, whose members provide more than half the nation's fresh fruits, vegetables and tree nuts, including nearly half of America's fresh organic produce. The other with Farm 2050, a collective of the global leading agri-venture firms and agribusinesses focused on accelerating innovation in the agritech sector. “These partnerships will substantially speed up growth of agritech in New Zealand and will open the doors for New Zealand agritech companies to enter the US market, to access agri investors and for US agritech startups to access the New Zealand market.“In California the farmers and producers have very similar challenges to Kiwi farmers and producers, so this agreement presents an enormous opportunity for the New Zealand tech and agricultural sectors.“Agritech New Zealand and other stakeholders across the New Zealand agri community are working hard together to build a world class agritech ecosystem but New Zealand needs to accelerate the integration of agriculture and technology to strengthen its primary export sector.“As the world’s demand for food increases with its ever-growing population, New Zealand can expand its primary sector further by being more productive and by focusing on producing higher value produce for the world.“Combining two of New Zealand’s leading sectors, agriculture and technology, shows just how we can improve New Zealand farming, food production and health while also growing our exports. We are on the cusp of some massive and exciting tech changes in our lives.”Muller says New Zealand is achieving good agritech export growth rates relative to many nations, with an estimated $1.3 billion agritech exported in 2017. Global agritech investment is also expanding rapidly, with venture capital investment in agritech firms in 2017 reaching US$1.7 billion and looking to exceed US$2 billion this year. The New Zealand tech sector is the country’s third largest and fastest growing export sector, worth over $6.3 billion in 2016 and employing more than six percent of the New Zealand workforce.

Published in BUSINESS
Tagged under
  • Business
  • press releases

Related items

  • Higher bank capital better for banking system and NZ
  • XE Update Friday 30 November, 2018
  • Canada: the ideal North American launchpad for your tech business
  • Wellington Drive's Innovative ECR2 Motor Hits The One Million Mark
  • Commission proposes to authorise Tennex’s acquisition of San-i-Pak
More in this category: « Business of former MP Marama Fox owes over $70k Canadian pension fund wants to build Auckland's $6b modern tram project »
back to top
Sep 27, 2018

Rushing oil and gas legislation is an undemocratic disgrace

in ENERGY
Aug 18, 2018

Infrastructure NZ welcomes establishment of infrastructure entity

in CONSTRUCTION
Oct 25, 2018

Chorus’ work in rural NZ recognised on world stage

in COMMUNICATION
Aug 24, 2018

FleetApp tells tradies to take tools

in TRANSPORT
Aug 30, 2018

US and NZ sign historic agritech agreement

in AGRICULTURE
Sep 03, 2018

Huge number of Kiwis say they will soon start structured exercising

in SPORT
Aug 17, 2018

Brilliance International fined $540k over steel mesh representations

in STEEL
Sep 11, 2018

Primary teachers and principals to vote on new Ministry offer

in EDUCATION

MSC NewsWire is a gathering place for information on the productive sector in New Zealand focusing on Manufacturing, Productive Engineering and Process Manufacturing

  • Home
  • Global Presswire
  • Industry Organisations
  • National Press Club
  • Disclaimer
  • About Us
  • Pricing
  • Sitemap
Copyright © 2022 MSC NewsWire. All Rights Reserved.
Site Built & Hosted by iSystems Limited
Top
Trade and Export News