[3 September/Agritech]

New Zealand has become Farm2050’s first country partners when a Partnership Agreement was signed on Friday the 31st of August. Farm2050 is a collective of major global venture firms and agribusinesses dedicated to supporting Agtech innovations, being established by Google Chair, Eric Schmidt, in 2014. Agritech New Zealand would drive the partnership. They had identified a number of areas of potential value to the agritech sector. The agreement would provide New Zealand agritech businesses looking to enter the U.S. market with access to globally connected capital, access to a landing pad at the Western Growers facility in Salinas, access to farms, ranches and orchards across America, and access to major potential agribusiness partners to trial and licence the technology. A nationwide roadshow would be set up in Spring where the opportunity would be explained.