• Queensland based cattle breeding technology startup receives $2 million investment through the Sowing the Seeds of Farming Innovation Fund. 
• First investment announced under the Queensland Government’s $30 million primary industries innovation fund.
• The Crisafulli Government is delivering better services through a stronger economy and helping boost the State’s agriculture industry to $30 billion by 2030.   

The Crisafulli Government has delivered the first investment into the technology and innovation needed to supercharge Queensland’s primary industries by partnering with a cattle breeding company under the landmark $30 million Sowing the Seeds of Farming Innovation Fund.  

Queensland based agricultural biotechnology company Nbryo will receive a $2 million investment to accelerate advanced cattle breeding technology, that can reduce seven years of selective breeding into seven days.  

It’s just one of the ways the Crisafulli Government is delivering better services through a stronger economy after a decade of decline under Labor, with the fund established to leverage Queensland Investment Corporation’s commercial investment expertise to back innovative businesses that deliver real benefits in on-farm productivity, profitability and sustainability.   

The investment, managed by QIC, will enable Nbyro to expands its technology to improve access to superior livestock genetics, reducing production costs and improving productivity for beef and dairy producers.      

The Crisafulli Government set an ambitious target to increase the value of primary production to $30 billion by 2030. The Sowing the Seeds of Farming Innovation Fund will help Queensland producers reach this bold goal by getting game changing technology from concept to on farm application sooner.   

During Labor’s decade of decline, Queensland’s primary industries sector received insufficient support and opportunities for prosperity were left to wither on the vine.    

Under Labor, Queensland’s primary industries suffered regulatory changes with no consultation, were given no vision but instead a significant reduction in capability, evidenced by a 20% cut in animal welfare and biosecurity officers. 

Minister for Primary Industries Tony Perrett said the investment showed the Sowing the Seeds of Farming Innovation Fund was delivering exactly what it was designed to achieve.  

“Queensland is home to almost half Australia’s beef herd, and this investment will help accelerate technologies that improve access to superior genetics, reduce costs and support a more productive and profitable beef and dairy sector,” Minister Perrett said. 

“As a beef producer myself, I know how important it is to maximise productivity and make every dollar count. Nbryo is developing technology that has the potential to make advanced breeding tools more accessible and affordable for producers, helping them improve herd performance and profitability. 

“The Sowing the Seeds of Farming Innovation Fund is about backing Queensland innovators with great ideas and helping them turn those ideas into practical solutions that deliver real benefits for producers.” 

Minister for Finance, Trade, Employment and Training Ros Bates said Queensland was creating an environment where innovative businesses can grow and thrive. 

“We are backing our primary producers to develop the technology they need to stay at the forefront and continue to grow our agricultural sector,” Minister Bates said. 

“The Crisafulli Government is creating the conditions for innovation, investment and job creation and supporting the long-term success of Queensland’s primary industries.”