Agricultural Innovation Australia Ltd (AIA) was first established on 1 October 2020.
It is managed by an independent, skills-based Board, and invest in strategies that address shared challenges and opportunities to deliver transformative outcomes for the agriculture sector.
The three new directors to the inaugural board of Agricultural Innovation Australia (AIA) are: Mr Bernie Brookes AM, Dr Anne Astin AM PSM, Ms Heather Stacy AM.
RDCs are responsible for investing around $800 million each year in agricultural innovation.
Almost $300 million of this is Australian Government funding from taxpayers, and around $500 million comes from industry and growers levies.
The board appointments is an exciting next step as the board ramps up to drive unprecedented collaboration and coordination of investment in agricultural innovation this year.
The new board brings together leaders with extensive experience gained through many executive positions across government, the private sector and industry.
Their leadership will be essential to ensuring AIA’s investments deliver benefits to Australian agriculture, levy payers and the Australian community.
AIA is an element of the Australian Government’s new National Agricultural Innovation Agenda, contributing to Delivering Ag2030.
Innovation is the key to enabling Australian agriculture meet its target of becoming a $100 billion sector by 2030.
The biggest productivity gains will come from long-term, transformational R&D, which will be a focus of AIA’s investments in research and innovation.
AIA will also seek co-investors, including from the private sector, for its research and innovation investments to deliver even greater impact for Australian agriculture.”