This article addresses Perth- based biotechnology company (NemGenix) having received higher funding of $ 500,000 investment from Murdoch westschenme enterprise partnership. The investment was endorsed by the MWEP advisor and stone ridge ventures’ manager.
NemGenix aims to develop genetically modified wheat, sugarcane, and barley. Nemgenix’s chief executive Dr. Sean Hird support the efforts of the organization and said that GM crop development is playing important role in increasing global food production which will combat climate changes and increasing world population. This development places the company in a good position to take the advantage of the monopolistic market this organization has now secured funds for the next two years from the government and other departments like science and technology.
A comment indicates a strong management team focussed on a business plan.
The article relates to foreign investment in that when doing direct investment in a foreign country you have to first produce more than enough for the market within your country. This organization has embarked on the look for the means of producing the product that will require marketing to the neighboring countries. To invest in a foreign country also requires that you come up with a unique product thus customers in the foreign land will be attracted to. This is why the organization is doing a lot of research to improve genetically modified crops. Once they get the quality product; they will be able to invest in a foreign country.
This company has and is still sourcing for financial support. It can currently survive for more than two years with the funds they have. Foreign investment demand a lot of finances for its success. The investor has to overcome many barriers in the foreign country. Such includes political factors, tariffs, and freedom of movement. This is why the company has taken the forward step of sourcing funds from the government and other organizations so as to boost their financial stability.
The company has employed a strong staff with a focus on business. Foreign investment requires a lot of legal and formal documentation which needs brilliant businessmen. The employment of a strong team is one way of getting far in business transactions. They will be able to get the market from different parts and regions as well as countries. Investment without a market is all useless for it cannot prosper.