Date post: | 16-Apr-2017 |
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Technology |
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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.
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