The agriculture industry currently faces one of the most challenging economic downturns in the past few decades due to a multitude of factors, from erratic weather patterns, supply chain issues and fluctuating commodity prices, to taxes, tariffs and political uncertainty. Growers and agribusinesses are experiencing turmoil and hardship but must continue to operate and innovate to feed the global population. To continue to function, despite economic decline, there are many advantages for agritech innovators and companies that outsource agricultural development services to enhance capabilities, expand capacity and elevate credibility.
Enhancing Capabilities
Taking on overhead in headcount reduces efficiency and data generation. Outsourcing allows innovators and companies access to global expertise more affordably than bringing those same experts on full time; thus, the investment in data generation is enhanced. Scientists and strategists across the globe are available to collaborate – from specialists in biological technologies, to Best Management Practices experts with deep technological expertise, and more – outsourced partners bring a wealth of benefits and clear advantages to an agritech innovator, including:
- Additional regional and global insights
- Breadth of technological knowledge in more areas
- Additional third-party perspectives
A former agritech client with a biologic platform had staffed up to manage a full range of product and field development functions internally. After four years of slower-than-expected development of product candidates our former client came back to AgriThority® with a challenge to generate more, higher quality data and insights to meet an aggressive go-to-market strategy. AgriThority® optimized the development process and delivered the products for successful introduction in a range of markets.
Expand Capacity
In a down cycle due to economic challenges, timeliness is crucial to contain risk and resources. Outsourced teams help provide turnkey solutions and demonstrative advantages in optimizing the development process. Accessing proven, professional service providers helps startups move through the stage gate process more efficiently without skipping required steps. The advantage is quicker market acceptance and adoption through solid data and technical positioning through Best Management Practices. Speed can be a competitive edge in a crowded market but it is the technical positioning backed by sound data that wins the day.
Many companies are facing achieving their same goals with less internal resources, and outsourcing can deliver fully integrated development programs or simply fill gaps for innovators, their investors or companies seeking technologies. Disciplined, knowledge-building processes deliver timely results within defined budgets. Employing integrated services from early-stage planning through execution to final registrations, field data analytics and technical positioning for grower adoption can help achieve commercialization success. Pre- and post-launch support includes critical technology transfer activities, especially for biological products. Expanding capacity can increase:
- Efficiency
- Resource allocation
- Scalability
I have had the privilege of collaborating with AgriThority® for the last seven years. Small ag biotech companies, like 5Metis, Inc., often do not have the global footprint that is necessary to place research and development field trials in the most important geographies. AgriThority® makes this possible. The in-house expertise at AgriThority® around how to access key geographies and the diligence of the staff in making sure that trials are conducted according to protocol, has been essential to the advancement of our research programs. I would recommend Ignacio Colonna and the rest of the team at AgriThority® to any researcher who is struggling to expand their global field development program, particularly those at small companies.
– Luke Steere, Director of Biology, 5Metis, Inc.
An agritech client wishing to contain risks, keep overhead to a minimum and cost-effectively deliver commercially viable products to the marketplace approached AgriThority®. “We want AgriThority® to provide all the functions required to optimize the development process and to maximize the generation of high-quality data to support going to market,” stated the Board Chairman. The low-risk strategy paid off with a very efficient capital investment and a timely market launch.
Elevate Credibility
Outsourcing with third-party specialists adds credibility, quality assurance and localized influence with less risk and internal fixed costs. Robust, credible data is what speaks to farmers about new technologies. With past trust and effectiveness challenges for biologics especially, it becomes even more necessary to generate enough high-quality data to show consistent and efficacious results. This data sets products apart and, along with a solid technology transfer plan based on accurate technical positioning of the product, can help increase farmer adoption.
Credibility and cost-effective farmer adoption starts with knowing what your product will do and what it will not do and backing that up with technical positioning that taps high-quality data and analytics by environment to create a Best Management Practice.
This increases:
- Trust
- Likelihood of success
- Commercialization Preparedness
AgriThority® is exceptional at field trials with biologicals, from protocol development to trial management to accurate, insightful data. AgriThority® sets the standard for biological development; they know how to deliver commercially viable products to the market.
– Pam Marrone
Benefits and Advantages of Outsourcing with AgriThority®
Outsourcing agricultural business, market, or product development, as well as regulatory, with AgriThority® expands scientific and strategic expertise, focuses resources to bridge gaps, and reduces risks. We offer international agricultural development services for innovators, companies seeking innovations, and those investing in ag technology. We help Research entities move new concepts through the complexities of agricultural Development toward successful, mainstream market entry around the world for greater food security and sustainability. Forward-thinking agriculture experts with deep scientific and strategic business experience are the core of AgriThority®. We strive to accelerate innovation adoption by food, fiber, feed and fuel producers around the world. Reach out today for support in moving your innovation to commercialization.
