Creating a Global Agtech Hub in the Research Triangle Adrian Percy - - PowerPoint PPT Presentation

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creating a global agtech hub in the research triangle
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Creating a Global Agtech Hub in the Research Triangle Adrian Percy - - PowerPoint PPT Presentation

Apr 02, 2023 163 likes •295 views

Creating a Global Agtech Hub in the Research Triangle Adrian Percy Chief Technology Officer California-Based VC With a Global Outlook Toronto Ireland Palo Alto Israel Since 2006, weve provided growth capital San Diego Research

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Creating a Global Agtech Hub in the Research Triangle …

Adrian Percy Chief Technology Officer

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Since 2006, we’ve provided growth capital to partner with the best and boldest companies that are helping to feed the world sustainably.

California-Based VC With a Global Outlook

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Palo Alto Toronto Research Triangle Ireland Israel New Zealand San Diego

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  • ~10 Billion world population
  • Loss of produce along the food chain
  • Changing consumption patterns
  • 60% increase in food demand
  • 17% Yield reduction due to climate change
  • Limited arable land
  • Invasive pests
  • Depletion of ground water
  • Weed and pest resistance

Global Challenges for Food Demand and Production

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  • 10 Billion world population
  • Projected 10 billion world population
  • Limited arable land
  • 60% increase in food demand
  • Impact of climate change
  • Depletion of ground water
  • Lack of available labor
  • Loss of produce along the food chain
  • Changing consumption preferences
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Agtech is a horizontal, utilizing technologies from other venture sectors to improve productivity, quality and sustainability of agriculture Technology Tailwinds

Big data / AI Digitization of ag Imagery and sensors Automation (labor) Breakthrough genomics (CRISPR) Novel farming (vertical farms, plant-based proteins)

Industry Themes

In-flow of private innovation capital Open innovation model being adopted by “Big Ag” Heightened regulatory requirements Changing consumer preferences Sustainability & impact agenda

(1) McKinsey: “Pursuing the global opportunity in food and agribusiness”.

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$5TN(1) Ag & Food Opportunity Globally

CONSUMER HEALTH E-COMMERCE MEAL KITS/ DELIVERY ALT PROTEIN ALT DAIRY NOVEL INGREDIENTS PROCESSING & PACKAGING HW ENABLED SUPPLY CHAIN

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Investment Into Agtech Continues to Grow

Source: PitchBook. (1) As of April 2019.

Private Investment (VC) in Agtech

  • $2.2B invested in agtech in 2018
  • ~$7.3B invested since 2012

‘12-’17 CAGR ($): 40%

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$106M $326M $347M $292M $775M $683M $1.25B $1.86B $2.26B 44 60 90 83 159 171 217 244 299 50 100 150 200 250 300 350 $0.00M $500.00M $1.00B $1.50B $2.00B $2.50B 2010 2011 2012 2013 2014 2015 2016 2017 2018 Capital Invested Deal Count

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Exit Activity Is Evolving as the Sector Matures

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$1.5B

Initial Market Cap

2013 | $930M 2017 | $305M 2017 | $300M 2012 | $425M 2010 | $400M 2018 | n.a. 2018 | $63M

Ag Majors have traditionally been acquirers IPOs are an option for the truly elite companies disrupting the sector And consolidation emerges as an avenue to establish a broad platform

(2019) 2019 2018 2018

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Boston

Research Triangle

Ireland Israel New Zealand Silicon Valley

Agtech Is a Worldwide Phenomenon

UK

  • St. Louis

Piracicaba Saskatoon Bangalore Guelph Wageningen (Netherlands)

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  • ~10 Billion world population
  • Loss of produce along the food chain
  • Changing consumption patterns
  • 60% increase in food demand
  • 17% Yield reduction due to climate change
  • Limited arable land
  • Invasive pests
  • Depletion of ground water
  • Weed and pest resistance

What Makes a Successful Agtech Hub?

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  • 10 Billion world population
  • Access to capital, talent & facilities
  • Long-standing local networks
  • Engaged government support
  • High quality research
  • Breakthrough technology
  • Local customers & channel partners
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  • ~10 Billion world population
  • Loss of produce along the food chain
  • Changing consumption patterns
  • 60% increase in food demand
  • 17% Yield reduction due to climate change
  • Limited arable land
  • Invasive pests
  • Depletion of ground water
  • Weed and pest resistance

The Research Triangle Has The Ingredients to be a Global Player

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  • 10 Billion world population
  • Presence of major agribusinesses
  • Vibrant start-up community
  • Access to (limited local) capital
  • Excellent talent pool
  • New infrastructure (inc. greenhouses)
  • Elite academic institutions
  • NC State‘s Plant Science Initiative
  • Affordable economics
  • Landing pad for European companies
  • Diverse agricultural systems
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  • ~10 Billion world population
  • Loss of produce along the food chain
  • Changing consumption patterns
  • 60% increase in food demand
  • 17% Yield reduction due to climate change
  • Limited arable land
  • Invasive pests
  • Depletion of ground water
  • Weed and pest resistance

A Great Story That Needs to Be Told…

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THANK YOU!

Email: apercy@finistere.com LinkedIn and Twitter: @adrian.percy