Grants for AgTech Pre Accelerator Programs
Supporting Early-Stage AgTech Startup Creation
Timings for this Grant program include:
Round launched: 8 September 2021
Information Session: 22 September 2021 11am View the recording here
Round Closes: 27 October 2021 11am
Communications: to unsuccessful and applicants moving to Stage 2 by mid-November 2021
Due Diligence: Financial Reports and requested information due mid-late November
Virtual Pitch Day: Late November
Communications: to unsuccessful and applicants moving to the next stage early December
Contracting: Contract execution with recipients expected December
Announcement: 10 February 2022
Agriculture is a key sector of Victoria’s economy, employing 146,600 staff across 2020-21. The sector is vitally important to the Victorian economy and our future, however, changing conditions mean the sector needs to continually adapt. AgTech is a key driver to support adaptation of the agriculture sector, with the potential to provide farmers with the tools, data and knowledge to make more informed, timely on-farm decisions and improve productivity and sustainability.
AgTech can have a significant impact on Australia’s agricultural sector’s growth. The total value of the global AgTech market is expected to reach $22.5 billion by 2025 (an estimated growth rate of 150% from 2020). Despite Victoria having all the elements to be a national leader in AgTech, the sector is still small and immature, with AgTech startups accounting for less than 2% of total startups in Victoria.
This grant program aims to increase support for aspiring AgTech entrepreneurs by funding experts to deliver Pre-Accelerator programs. The Pre-Accelerator programs will play a pivotal role in growing the AgTech sector in Victoria, enabling new founders to access the best possible support, advice and networks to build new businesses that will help shape our future economy and grow jobs.
|Farmers2founders||Building Victoria’s AgTech startup sector||$600,000||Farmers2Founders is a specialist agrifood tech service provider formed in 2018 to deliver pre-accelerator and accelerator programs specifically targeting agrifood tech and innovation startups across regional Australia.
Farmers2Founders will utilise its proven innovation pathways model to deliver: an Online Journey Starter Program; Hatch Ideas Pre-accelerator Program; and Hone Venture Creation Pre-Accelerator Program. |
Additional activities to stimulate Victoria’s emerging AgTech ecosystem will include regional workshops to activate existing research and innovation facilities and extensive producer engagement.
|Rocket Seeder||AgTech Seeds Pre-Accelerator Program||$600,000||The AgTech Seeds Pre-accelerator Program supports creation of early-stage AgTech startups in Victoria by bringing together “hybrid” teams of aspiring AgTech entrepreneurs and researchers creating AgTech-applicable IP/know-how at Victorian universities/PFROs. It will facilitate entrepreneur-researcher matches to increase startup investability and value, and help teams validate the market for their idea and technology and engage with potential Victorian early-adopter customers (growers/producers). The Program will provide funding for teams who validate problem-solution fit and need financial support to build their MVP.|
|SproutX||Technology for the Business of Agriculture||$600,000||SproutX in collaboration with The University of Melbourne and The Victorian Farmers Federation will deliver a hybrid program of mentorship and experiential learning over four cohorts, in two years. The Business of Agriculture Pre-Accelerator Program seeks to draw new entrants to the agtech startup ecosystem, by engaging tertiary research, academic, and corporate R&D participants to consider commercial opportunities through startup. |
By fostering collaboration between primary producers, accomplished agtech startups, and industry leaders, the Program seeks to create a pipeline for non-traditional entrepreneurs to consider venture scale startup in Agriculture 4.0 areas of need.
PROGRAM INFORMATION SESSION
Hear from recently funded AgTech Pre Accelerator programs and how you can develop and grow your AgTech business idea at the upcoming webinar 'Disrupt Victoria's $1.8 Billion Agriculture Sector', where each of the funded programs will share details on their upcoming program and how founders can benefit from their support, advice and network. Prior participants of their programs will share their journey from idea to Accelerator to flourishing Startup.