GATE swung open for innovation
❝The agri-food sector is riding a wave of opportunity and growth, whilst at the same time dealing with issues of succession... — Matthew Cunningham
THE NSW Minister for Primary Industries Niall Blair has officially opened the GATE.
The GATE, in partnership with SparkLabs Cultiv8, offers mentoring, incubation, and acceleration programs, and access to investment services.
It is an initiative of the NSW Department of Primary Industries designed to cultivate and develop Australian and global agtech ideas.
“The Australian agri-food sector is riding a wave of opportunity and growth, whilst at the same time dealing with issues of succession, costs and international competition – which makes innovation all the more important,” Minter Ellison partner Matthew Cunningham said.
“We are proud to be a foundation mentor at the GATE Innovation Hub.”
Mr Cunningham noted the critical importance of developing locally based agtech capabilities to maintain growth by enhancing productivity, efficiency and yields, and minimising risk, waste and costs.
“Security of supply is becoming increasingly more important for foreign investors, and we can play a key role in this space with the right agtech capability.”