After nine years at the helm of New Zealand’s only agri-focused technology park, the chief executive of the Waikato Innovation Park is taking on his biggest challenge yet – heading up Dairy SolutioNZ.
Derek Fairweather in fact came up with the original idea for Dairy SolutioNZ, established six years ago, born out of the desire to take the world’s best farming technologies and practices – many of them from New Zealand – to regions experiencing food crises.
Dairy SolutioNZ was formerly a wholly-owned subsidiary of the Waikato Innovation Park but has been spun out as a standalone entity. However, the business has been spun out as a stand-alone entity.
Waikato Innovation Park retains 25 percent ownership, while Fairweather has also stumped up with a 25 percent personal investment.
Fifty percent of Dairy SolutioNZ is being held in trust, awaiting a major investor whom Fairweather is tasked with courting and securing.