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Experience, success criteria and mistakes to avoid when trying to identify varieties with high market potential and winning investment for seed scaling and commercialisation
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Qtn:1 Key drivers for private seed organisations to dev’p or license new varieties
Understand market/ consumer demand Understanding growth adaptability rate (product profile) Product Usage / development – new life style trends dictate dev’tmt of nutritious rich foods Market segmentation – some varieties are market driven as opposed to other Analysis of market trend dev’t/ product diversifiaction
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QTN 2. How market research --- can be used to identify promising varieties
Stated preference approach – marketing tool to anticipate product usage, demand & adaptability
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Qtn 3. Why no1 &2 is it important
Product development starts at consumer level Otherwise investment will be lost or wasted if little or no regard is given to this ## Bottom top approach Who has the skills & experience All stake holders involved along the value chain
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Qtn 4. How value of new variety can be determined (social & economic)
Product testing Surveys to ascertain social & economic impact Qtn ans approach i.e ascertian usage, adaptability, test, preference willingness to pay
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Qtn5. Contribution of commercial buz cases
Information sharing
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Qtn 6. How can technology be Used?
Big data – database of all stakeholders Collection of different kinds of relevant data
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Qtn7. Shared insights on critical drivers for new product design
Information sharing Information sharing regulations Collaborations Strengthening linkages with stakeholders i.e through business linkages
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How well understood is DLB
Not yet. Need for more capacity building and more stakeholder engagement along the value chain
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How to win support for closer linkages
Stakeholder engagement Must be a shared interest Food and nutrition policy
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