Practically 500 revolutionary farmers and aspiring startup founders are set to interrupt into the AgTech sector, with three new entrepreneurship applications funded by LaunchVic and Agriculture Victoria.
Farmers2Founders, Rocket Seeder and SproutX will every obtain $600,000 to run pre-accelerator applications, which equip aspiring entrepreneurs with the abilities to show an concept right into a enterprise.
- Farmers2Founders, a specialist agrifood tech service supplier, will run their Hatch Concepts Pre-Accelerator and a self-paced On-line Journey Starter Program that may attain founders in any pocket of regional Victoria, amongst different initiatives.
- Impression-focused supplier Rocket Seeder will assemble groups of entrepreneurs and researchers to unravel a few of regional Victoria’s largest challenges with their new AgTech Seeds Pre-Accelerator Program, bridging the hole between the agricultural trade and analysis.
- SproutX will be a part of forces with The College of Melbourne to take aspiring founders via The Enterprise of Agriculture, a brand new program designed to help non-traditional members in Victoria’s startup ecosystem, like farmers or regional Victorian highschool graduates.
The $600,000 grants are a part of the Victorian AgTech Entrepreneurs Initiative– LaunchVic’s $2.2 million partnership with Agriculture Victoria introduced final yr.
LaunchVic CEO Dr Kate Cornick mentioned the initiative was designed to assist scale present on-farm concepts and draw extra innovators to agriculture – one of many state’s largest export sectors.
“Victoria is Australia’s largest agriculture producer by worth, however our analysis reveals the AgTech sector stays small and underdeveloped, with lower than 40 AgTech startups lively throughout the state,” she mentioned.
“LaunchVic needs to see these numbers change, so we’re backing pre-accelerator applications that help folks within the agriculture sector with large concepts and early-stage entrepreneurs who need to launch and develop startups. Not solely does this improve the variety of startups in our state, it may possibly present a brand new supply of revenue for farmers and create new know-how that improves productiveness and sustainability in one in all our most essential industries.”
Anybody enthusiastic about collaborating within the pre-accelerator applications can join a free Info Session run by LaunchVic on March 3 right here.
