In 2040, 9 out of 10 meals are within planetary boundaries
PROTOTYPE
The Difficult-to-finance
Background
In order for us to eat sustainably, food needs to be produced in more sustainable ways than today. Some of the challenges are reducing greenhouse gas emissions, disruptions in the nitrogen/phosphorus balance, declining biodiversity, and establishing more sustainable water and land use. In a geopolitically uncertain world, issues of domestic food supply and resilience in the food value chain are also more relevant than before. The transition to primary production involves investments in new technology, innovation and changed business models.
In today's financing system, the step is a long one for individual agriculture to secure risk capital to finance innovation and development at the farm level. We have therefore taken the initiative as a platform to explore possible new financing structures adapted to the target group of small and medium-sized farms.
The aim is to improve their financial opportunities to transition to more environmentally and economically sustainable production.
Relevance to the mission
The insights from the prototype are taken forward within the framework of the Innovation Platform's work.
The analysis of the innovation opportunities within the different areas identified needs to be further developed and deepened as a next step.
Continued dialogue with the organisations that have been involved in the prototype and contact with similar organisations in other geographical areas could be a way forward.
Actors: KRINOVA, RISE (Research Institutes of Sweden),
Idea and need
In the initiative the-difficult-to-finance, we have examined the relationship between the willingness to innovate in agriculture and the willingness to invest from the financial system actors. With us in the work we had a number of concrete investment cases, which we asked agricultural companies to submit via an open application on social media.
The interest from was great. Three cases were selected that we deepened the dialogue with and presented to the group of financial actors. There was representation from government authorities, actors in banking and insurance, interest organizations and representatives of private and state venture capital.