AgCelerator fund
At LIC, we see the potential in investing in early stage ideas and understand the role they will play in shaping the dairy industry.
LIC has launched a new early-stage investment fund for innovations with the potential to positively impact our valuable dairy sector.
LIC AgCelerator™ is a fund for individuals and entities seeking to develop innovations that will deliver value to the dairy industry by:
- generating higher yields
- improving animal health
- diagnostic tools
- improved traceability
- sustainability
- advancements in breeding techniques
- leveraging big data for improvements
- farm management.
LIC is a long-term investor in research and development – in fact we’re investing $16 million this year (2020/21) to give farmers future tools to further improve genetic gain and address environmental challenges. But we know we need to look externally - it's important New Zealand retains its leading dairy reputation at this critical time. Investment in new innovations and technology is central to ensuring that.
Who can apply?
LIC’s AgCelerator Fund is a designated fund designed to help innovators and entrepreneurs kick-start their early-stage concepts and get them launched to market.
The fund is also open to established businesses where there is alignment with the cooperative’s innovation led growth strategy and ongoing focus on the core New Zealand dairy industry.
LIC has extensive knowledge of the New Zealand pasture-based dairy farming market and can offer successful applicants to the fund collaboration benefits such as R&D support, mentoring, market and customer research facilities and distribution capability.
Next steps
Those interested in applying to LIC’s AgCelerator Fund can find an application form below.