Agriculture Victoria Services Pty Ltd

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OVERVIEW

 

Agriculture Victoria Services (AVS) Pty Ltd (also referred to as ‘the Company’) is a private company incorporated under the provisions of the Corporations Act 2001 (Cth).

 

The Government of Victoria beneficially owns 100  per cent of the Company’s issued capital with the shareholder being represented through the Victorian Minister for Agriculture.

 

AVS is the specialist, professional entity responsible for protecting and commercialising novel technologies created by the Agriculture Victoria Research division (AVR) of the Department of Economic Development, Jobs, Transport and Resources (DEDJTR, also referred to as ‘the Department’).

 

The Company has a skills-based and gender- balanced board of directors that consists of six members.

 

BACKGROUND

 

AVS has delivered more than 30 years of service excellence.

 

The AVS team consists of 16 professional and support staff that provide the specialist capability necessary to meet the Company’s obligations to government and the expectations of stakeholders.

 

AVS holds a significant intellectual property (IP) portfolio on behalf of the Victorian Government and other equity holders. The portfolio benefits the agricultural industry and the state’s economy through the commercial application of research and development (R&D) outcomes.

 

COMPANY PURPOSE

 

The Company’s purpose is to help improve the productivity and competitiveness of Victorian agriculture and related local industries, by commercialising the R&D of Agriculture Victoria.

 

AVS helps the Department's AVR to determine the most appropriate 'route-to-impact' for its research discoveries. 

 

Where the economic and local industry productivity outcomes will be greater and more rapid, a commercial route-to-impact pathway is pursued. 

 

The Victorian Government invests in R&D to achieve better productivity and biosecurity outcomes for Victorian agriculture.  In this context, the Department is seeking step-change improvements in agriculture through innovation for the enduring profitability and productivity of Victorian farmers.

 

The government looks to AVS to work with AVR to ensure the benefits of AVR's research are optimised, where appropriate, by commercialisation of its IP assets and scientific capabilities.

 

The expert IP management and commercialisation services of AVS, as well as its commercial research collaboration and technology investment services, combine to maximise the adoption and impact of AVR innovations and capability, thus helping the government to meet its objectives.

 

COMPANY VALUE

 

AVS is valued by its stakeholders as the corporate entity that streamlines the interface between AVR and the private sector.  To this end, AVS was established by the Victorian Government to:

 

 

 

 

OPERATING PRINCIPLES

 

AVS operates in accordance with the following IP management, collaboration and investment principles:

 

 

 

 

 

 

AIM AND OBJECTIVES

 

AVS aims to meet its strategic objectives and fulfil its Company purpose by providing a professional and objective commercial interface to support the transfer of the Department's IP and scientific capabilities to the marketplace.

 

AVS has the following strategic objectives, as stated in its three-year Corporate Plan (2019-21):

 

  1. Protect & commercialise IP assets to maximise technology adoption for local industry impact.

 

  1. Support & strengthen commercial research collaborations to deliver AVR science & innovation.

 

  1. Accelerate the translation of AVR inventions into innovative products & services through AVS investment.

 

CORE VALUES

 

The Company’s board and management adopt the following core values:

 

 

 

 

 

STAKEHOLDERS AND COLLABORATORS

 

AVS is a self-funded entity relying on service fees and investment income to fund its operations and ensure the Company’s ongoing viability.  Strong relationships with stakeholders and collaborators are critical to the success of AVS.  Its key stakeholders include: