Developing innovative businesses and regions: food & agribusiness

FAREforum, Kandanga : 2 Mar 2017

Colin Graham, Causeway Innovation

Developing innovative businesses & regions

Gympie Region Context: 2 Highways

@CausewayInno

Innovation is executing new ideas to create value. Tim Kastelle, UQ

Relevant to all businesses, all stages.

@CausewayInno

Product innovation: Suncoast Limes

Before we started value adding to this business, we dumped 20 tonnes

of limes each season.Daniel Tabone, Suncoast Limes

@CausewayInno

@CausewayInno

Example business: before

Example trends …all present opportunities1. Aging population2. A billion new customers in

emerging markets3. Single households, ‘table for

one’4. Rise of digital consumers,

online shopping, apps, delivery services

5. Health and wellness concerns: artificial is public enemy no.1

6. Rise of value segment@CausewayInno

@CausewayInno

Example innovation: drinks

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Launched November 2009 Generate over $2m in sales in first 12 weeksOver 350,000 downloads in first yearNow aiming for 50% of sales from online

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@CausewayInno

Beerenberg Family Farm: innovation

11 million / year

25 million / year

50+ other products & catering sizes.

@CausewayInno

Sales up 30%

A fresh approach

@CausewayInno

@CausewayInno

@CausewayInno

Growing businesses & jobs

GrowStartups

Established businesses with

potential

Attract businesses

All three are important

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Startups: aspiring and early stage

Scaleups: SMEs with growth potential

Events: Meet the Entrepreneur• Series of 4 networking events

featuring successful entrepreneurs from a variety of sectors across the Gympie Region.

• Aim is to ‘raise the bar’ by entrepreneurs sharing their own business story, the ups and downs and things they have learnt along the way.

• First event: Kath Massey, Massey Online, Tues 21 Mar, Rainbow Beach

@CausewayInno

Events: Skills workshopsBuild a better startup, Tues 11 Apr, Gympie• Ideas, structures and approaches to help

you build a better business, faster. • You and your idea• Making it happenPitching for investment & sources of capitalTue 27 June, Gympie• Developing business model and making a

pitch, understanding sources of capital and what investors are looking for

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Innovation Master ClassInnovation for profit and growth

• Aimed at owner managers of SMEs with ambition to reach their potential

• Focused development program, building capacity

• 4 x ½ day sessions over a 2 month period, starts Tues 8 August

• Supported by one to one mentoring

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Innovative businesses• 46% more likely to report

increased profitability• Twice as likely to export• Twice likely to increase

employment• Earn 3 x more income from

digital business ...compared with businesses that do not innovate

Source: Australian Innovation System Report, 2014

@CausewayInno

ThanksColin Grahamcausewayinnovation.com @CausewayInno