Finistere and Sprout Granted New Zealand Agritech Incubator License
A recent article from the New Zealand press highlighted Finistere, Sprout, and other partners winning the license for a new agritech accelerator.
New Zealand’s international reputation as a leader in the agritech sector is taking another leap forward with the announcement that Callaghan Innovation has partnered with Sprout to become one of its Technology Incubators.
Sprout Chief Executive, Dean Tilyard, says the agreement will be a significant boost as the investor group backing Sprout includes two iconic New Zealand companies, Fonterra and Gallagher, as well as global venture capital firm Finistere Ventures and Israel’s most active venture investor, OurCrowd.
“By bringing together two global companies with internationally connected and experienced investment partners, Sprout is developing a world class platform to allow early stage agritech and future food technologies to be commercialised and launched into international markets.
“The capability of our investment group alongside Sprout’s existing networks and corporate partners means we can really lift the level and sophistication of seed and follow on investment available to New Zealand’s emerging agritech and future food technologies and start-ups by providing a clear pathway that is connected to international capital and markets.
“Together we will be able to provide more support for entrepreneurs and organisations who want to move fast and think big and who are committed to building solutions for problems that address the challenges and opportunities of global food production,” said Tilyard.