Measuring the ITP's progress

Our proposed outcomes framework

Feedback from stakeholders has been consistent that it should be clear exactly what the ITP is aimed at achieving and how we will measure this. As we note in Section 1, our measurement of the agritech sector has improved since the ITP’s initial launch, but remains imperfect and subject to further work.

Below, we lay out our aspirations for the agritech sector, acting as outcomes of the ITP. Underneath each aspiration, we have a set of indicators to measure these outcomes. As we grow our understanding of the sector, we will better understand what measurement is possible, available, needs to be changed, or does not currently exist.

Outcome: A flourishing system of agritech companies starting, growing, and scaling up, with overall growth in sector revenues and exports

• Continued year-on-year growth in company revenues
• Continued growth in exports
• An increase in the number of companies in the sector
• Increased productivity within the agritech sector
• Increased productivity and sustainability in the primary sector, from using agritech

Outcome: A diverse agritech workforce that easily fill high-paying and high-value jobs, which enables company growth

• Increased number of jobs (continued or greater year-on-year growth)
• Maintained or increased average wages (as these are already high)
• Qualitative improvements in the connections between the tertiary sector and the agritech industry
• Increased diversity and inclusion in the agritech sector

Outcome: A smart and highly connected ecosystem

• Increased domestic collaboration (for example, more formal or informal partnerships)
• Reduced duplication and increased alignment of efforts across the ecosystem

Outcome: Strong underlying infrastructure that enables a successful sector

• Increased IP transfer from the RSI system into agritech companies, and therefore a higher level of IP ownership in agritech companies
• Improved connectivity of productive land, enabling the testing and use of agritech across New Zealand
• An increase in the number and availability of ‘smart farms’ that enable the testing of agritech solutions

Outcome: Māori have strong and holistic participation in the agritech sector, have their aspirations for the sector realised, and benefit from the sector directly and in their primary sector interests

• Benefits for Māori land through the use of agritech, for example through unlocking otherwise unproductive land, by increasing overall productivity, or increased resilience in the face of climate change
• Higher levels of Māori participation in the agritech sector

Outcome: The agritech investment landscape is comprised of a deep and diverse set of offerings that enables and encourages agritech companies to start up, scale, and expand

• A higher number of investment deals
• Higher overall investment figures (total size of deals)
• Increased average deal size
• Increased number/types of ‘smart capital’ investors for the sector

Outcome: The agritech sector is highly aware of international markets, attuned to opportunities in these markets, and able to execute on seizing these opportunities, enabled by cohesive government support

• More international agritech connections and collaborations
• Improvements in the tailoring of agritech products for international markets

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