recipe for success: the ingredients for an australian agtech sector
TRANSCRIPT
2© 2016 KPMG, an Australian partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. The KPMG name and logo are registered trademarks or trademarks of KPMG International. Liability limited by a scheme approved under Professional Standards Legislation.
Document Classification: KPMG Confidential
Recipe for success: The ingredients for an Australian AgTech sector
Plate to paddock
The customer is driving change“
“Customer Distribution Retail
Wholesale Processing Production Inputs
%
Finance
Labour and Knowledge
Land and Water
Equipment and supplies
R & D
EnergyTraceability Biosecurity
Regulation/Rules
Food safety
Convenience Activism
3© 2016 KPMG, an Australian partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. The KPMG name and logo are registered trademarks or trademarks of KPMG International. Liability limited by a scheme approved under Professional Standards Legislation.
Document Classification: KPMG Confidential
AgTech – Digital technology Recipe for success: The ingredients for an Australian AgTech sector
4© 2016 KPMG, an Australian partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. The KPMG name and logo are registered trademarks or trademarks of KPMG International. Liability limited by a scheme approved under Professional Standards Legislation.
Document Classification: KPMG Confidential
Product of Israel
Recipe for success: The ingredients for an Australian AgTech sector
Product of USA
Moving fast and with scale
Ingredients:
‒ Scale‒ First mover advantage‒ Active investor and start-up
community‒ Focus on commercialisation
Ingredients:
‒ Mindset - “Necessity is the mother of all invention”
‒ Strong funding and incubator environment
‒ Incentive ‒ Cross border approach
Attracting the world and doing it smart
Around the world
5© 2016 KPMG, an Australian partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. The KPMG name and logo are registered trademarks or trademarks of KPMG International. Liability limited by a scheme approved under Professional Standards Legislation.
Document Classification: KPMG Confidential
Product of Canada
Recipe for success: The ingredients for an Australian AgTech sector
Product of UK
Focused leadership
Ingredients:
‒ Focus and direction ‒ Enabling infrastructure ‒ Engaging the whole of supply
chain‒ Positive conversation
Ingredients:
‒ VC community‒ Support for
commercialisation‒ Government investment
and transparency
If you build it they will come
Around the world (cont.)
6© 2016 KPMG, an Australian partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. The KPMG name and logo are registered trademarks or trademarks of KPMG International. Liability limited by a scheme approved under Professional Standards Legislation.
Document Classification: KPMG Confidential
Product of India
Recipe for success: The ingredients for an Australian AgTech sector
Product of NZ
Selling the story
Ingredients:
‒ Connected and engaged community
‒ Positive conversation‒ Government support
Ingredients:
‒ Large agriculture sector with productivity gaps
‒ The next big customer ‒ Active VCs‒ Cross-border engagement
Big gaps mean big opportunity
Around the world (cont.)
7© 2016 KPMG, an Australian partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. The KPMG name and logo are registered trademarks or trademarks of KPMG International. Liability limited by a scheme approved under Professional Standards Legislation.
Document Classification: KPMG Confidential
Recipe for success: The ingredients for an Australian AgTech sector
Recipe for success:• Focus - Buyer, builder, bystander?
• Enable - Turn ideas to money and get out of our own way
• Ask for help - We don’t need to do it alone
• Tell a good story - Share a positive story with each other and the world
Lessons for Australia
Document Classification: KPMG Confidential
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© 2016 KPMG, an Australian partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.
The KPMG name and logo are registered trademarks or trademarks of KPMG International.
Liability limited by a scheme approved under Professional Standards Legislation.
The information contained in this document is of a general nature and is not intended to address the objectives, financial situation or needs of any particular individual or entity. It is provided for information purposes only and does not constitute, nor should it be regarded in any manner whatsoever, as advice and is not intended to influence a person in making a decision, including, if applicable, in relation to any financial product or an interest in a financial product. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.
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