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New Zealand

The Factory helps fund food and textile businesses – NZ Entrepreneur Magazine

Raising capital isn’t a natural skill for many young food and textile businesses, but the new initiative aims to build capacity within the sector to support growth and expansion.

We understand that the seasonality of the food and textile sector creates unique challenges for young businesses looking to grow, and that there are significant knowledge gaps when it comes to financing. That is why we develop and offer an innovative program called why?

Develop and support capital raising capabilities in food and fiber businesses ready to seek investment.

“There are a variety of government funding opportunities for early-stage projects, but we recognized a gap between government grants and private sector funding,” said Andrew Clark, MPI Commercial Manager. says Mr.

“Therefore, we wanted to find a way to ensure that valued companies receive hands-on guidance and training so they are ready to invest.”

The program aims to help young companies build confidence and competence, market to investors, and market their ideas through passion and vision.it is funded by Ministry of Primary Industries (MPI). The FactoryWe have over 18 years of working experience in the rural sector and understand its unique challenges.

Leveraging MPI and The Factory, Investment Ready is designed to give food and textile businesses the tools to successfully finance and prepare for the growth of their business.

“Within the program, we also support alignment between people seeking funding and investors,” explains Andrew.

“It’s not just about making some money for the business. It’s about getting the right strategic investor network for that business, with complementary interests and skills.”

In short, to advance the businesses we work with and the people in them by providing a different level of support than ever before.

“Food and textile businesses do not have access to the same types of supporting technology and software businesses,” said Cheyne Gillooly, investment, skills and performance director at MPI.

Investment Ready directly assists entrepreneurs in expanding their reach and capabilities, helping to raise awareness of new and transformative opportunities in the field. ”

The program complements MPI’s Opportunity Grows Here campaign, which aims to attract new talent to the food and textile sector. It also supports the ambitious growth strategy between MPI and the industry: “Fit for a better world.” This is compounded by the attractiveness of skills and increasing access to capital for food and textile companies.

“It all ties together nicely. This campaign explores opportunities to attract people with the skills and new roles they will need to meet the food and fiber challenges of the future, and Investment Ready brings them to the surface. ,” says Cheyne.

“The ultimate goal is to increase investment in New Zealand’s food and textile sector. The quality of companies that have been attracted to has far exceeded expectations.”

Application for the program closes on January 20, 2023. here.

https://nzentrepreneur.co.nz/the-factory-helping-food-and-fibre-businesses-raise-capital/?utm_source=rss&utm_medium=rss&utm_campaign=the-factory-helping-food-and-fibre-businesses-raise-capital The Factory helps fund food and textile businesses – NZ Entrepreneur Magazine

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