On Thursday 17th March, Sprout companies presented at the 2016 New Zealand Agribusiness Investment showcase. Five Sprout companies presented alongside other exciting New Zealand agritech companies and investors were introduced to opportunities in a range of sectors from horticulture to indoor growing systems. The NZTE Agribusiness Investment showcase was an event delivered as part of NZ Agri Investment week, which included events including Central District Field Days, NZ Future Farms Conference 2016 and 2016 Sheep Milk NZ Conference.
In preparation for the Showcase, as well as being supported by the awesome NZTE Better by Capital programme, companies were provided expert pitch training by leading New Zealand investors Lance Wiggs (Punakaiki) and Mark Vivian (Movac). Each company spent time with Mark and Lance to hone their message to the most critical points that interests investors. Wellington design agency Stun, who specialise in presentations, provided each company with a professional slide deck and promotional videos.
NZTE does a fantastic job of setting up events for companies to meet investors. On Thursday, the venue was Orlando country, a beautiful location 5mins drive from the centre of Palmerston North. NZTE set up the venue to provide two key areas of interest: the meet and greet area and the pitching stage and seating.
Attendees arrived to be provided clear name badges, themed around the key segment they came from. Investors then wandered through to the companies demonstration area to find out more about their products and learn more about what the companies are achieving.
The 11 companies that presented at the Showcase were divided into three groups, representing their different stages of growth. The three groups were:
- Emerging Technology - Demonstrating up and coming agri-technologies from across New Zealand
- Early Stage - Seeking early rounds of funding to accelerate market entry
- Internationalising - Established businesses taking new agri-innovation's global
From here, all companies will be following up the investor leads from the event. As an insight into how Sprout is helping its companies, here is what we'll be up to:
- Ensuring all investors are followed up with directly to qualify their interest,
Working with the companies as they identify the lead investor for the round they are raising,
In partnership with the company’s management team, finalising and adjusting the business plan to match the final capital amount investors are willing to invest,
Negotiating the valuation of the company and therefore the share holdings new and existing shareholders will receive post the money going into the bank,
Ensuring the companies are continuing with their ‘business as usual’ activities. The old adage is ‘the first order of business is to stay in business!’
Preparing and finalising term sheets and investment agreements.
We are really excited about what occurred at the showcase this year and are looking forward to keeping the community updated on the progress of the companies as they continue through the journey.
Be sure to keep checking in on the Sprout blog for more updates.