7 May 2025
A summary of our progress to get emissions reduction tools into farmers' hands, as at 31 March 2025.
$8.7M follow-on investment in Hoofprint Biome Inc, a US company making great progress with their natural enzymes and probiotic solution to improve cattle health while reducing methane emissions and improving productivity
$4.08M investment in Agteria Biotech, a Swedish startup utilising a patent-pending molecule to reduce methane emissions from cattle (previously undisclosed in Q2 Scorecard)
Committed $5.9M to a new venture developing a promising tool for farmers, however further details are currently undisclosed due to ongoing funding rounds and confidentiality requirements.
$60.7M now committed in total towards getting tools for farmers, across 14 investments and research projects.
63 potential investment opportunities are on our radar as we continue to scan the globe for the most promising solutions that can work in our pastoral farming system.
Welcome our new Chair, Rob Hewett: this follows the departure of Sir Brian Roche KNZM last year.
Launch the 2025 Innovation Investment Round: Teamed up with the New Zealand Agricultural Greenhouse Gas Research Centre (NZAGRC) on this initiative, with up to $4 million in total funding available to support local projects to reduce methane and nitrous oxide emissions from ruminant animals to benefit farmers
Continue our work to streamline the regulatory process: We were pleased to see the recent government announcement to cut red tape on products used by the agriculture and horticulture sectors, with many of these recommendations aligning to our submission. We look forward to seeing how these will be implemented.
Provide a submission to the Gene Technology Bill: confirming our support for its intent of making innovation available for Kiwi farmers, where risks to market access can be managed.
Visit our Progress page for a larger, PDF version of our latest Scorecard.
