- Crisafulli Government secures global investment for local AgTech startup Nbryo.
- Embryo technology cuts seven years of selective cattle breeding into a week.
- Rapid genetic advancements to meet growing global demand for efficient and sustainable livestock production.
- The Crisafulli Government is delivering a better lifestyle through a stronger economy and a fresh start for Queensland.
The Crisafulli Government is delivering a better lifestyle through a stronger economy, after partnering with global agribusiness investors to secure $10 million in funding for a local AgTech startup developing technology that cuts seven years of selective cattle breeding into a week.
It's just one of the ways the Crisafulli Government is delivering a fresh start and backing homegrown businesses.
Born from 15 years of research on a cattle property near Beaudesert, Nbryo's in vitro embryo production (IVP) technology is breaking down barriers to advanced cattle breeding techniques for beef and dairy producers globally.
By dramatically reducing the cost of producing high-quality bovine embryos, Nbryo is helping producers achieve rapid genetic advancements to meet growing global demand for efficient and sustainable livestock production.
The funding allows Nbryo to scale and commercialise its platform from Queensland while expanding local operations.
Minister for Finance, Trade, Employment and Training Ros Bates said Queensland agricultural innovation was capturing the attention of the world.
"Queensland has always been a farming state, but we're also known for growing ideas that reshape industries," Minister Bates said.
"After a decade of decline under Labor, Queensland's primary industries finally have a government that backs them and this investment is one way we are helping diversify Queensland's agriculture industry, and in the process, creating a better lifestyle through a stronger economy.
"It's no surprise Nbryo is drawing interest from respected investors globally, including the Gates Foundation, who recognise Queensland has the talent, ideas and drive to compete on the world stage.
"The New Zealand Government's co-investment is a clear endorsement of the work delivered by the Crisafulli Government to reestablish Queensland as Australia's premier investment destination."
The Crisafulli Government's investment through QIC is alongside Tenacious Ventures, Mandalay Ventures and AgriZero (half owned by the New Zealand Government).
Minister for Primary Industries Tony Perrett said Nbyro was a Queensland-grown solution to a global agricultural problem.
"For a decade under Labor, Queensland's primary industries sector was left to wither on the vine through the failure to invest and adapt to changing technologies," Minister Perrett said.
"Nbryo brings the best of Queensland agriculture and innovation together to solve one of the cattle industry's biggest bottlenecks - affordable access to superior genetics.
"Their technology is resetting the economics of cattle breeding, levelling the playing field for farmers everywhere and delivering step-change improvements in productivity and sustainability."
Member for Scenic Rim Jon Krause welcomed the investment and the Government's commitment to rural and regional Queensland.
"An investment like this one in Beaudesert-based Nbryo speaks to how this Government backs agriculture and innovation for rural and regional Queensland," Mr Krause said.
"This investment will help create jobs in Scenic Rim and across regional Queensland, building a stronger economy and giving regional Queensland opportunities to grow and thrive."
Nbryo CEO Paul Niven said the funding will accelerate the company's technology roadmap.
"This investment gives us the resources to scale our platform with the goal of making elite cattle genetics accessible to every farmer," Mr Niven said.
"By democratising access to high-quality embryos, we believe we can transform cattle breeding efficiency and sustainability worldwide, with a number of trials already underway across Australia, New Zealand and Europe.
"With the support of our investors and the Queensland Government, we have a real opportunity to build a global high-tech business here in Queensland that changes the face of beef and dairy industries everywhere."
The $10 million Seed raise was supported by leading investors Tenacious Ventures, AgriZero, Mandalay Ventures and QIC, with The Gates Foundation providing ongoing technical collaboration and facilitating international market entrance.
