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As funding in Australian agrifood tech innovation grows, so do the alternatives for startups. The most recent is the AgriFutures AgXelerate Program, which is inviting a various slate of innovators to use – and also you could be certainly one of them.
The AgriFutures AgXelerate Program has opened up purposes for agrifood tech entrepreneurs and startups desirous about tackling main trade challenges, from environmental sustainability to meals manufacturing.
This system will give chosen corporations the possibility to take part in a sequence of in-person farm discipline journeys and workshops, in addition to a capability constructing program tailor-made to every explicit firm’s particular trade and wishes.
As its title suggests, AgriFutures AgXelerate is all about accelerating tech-based options for key agricultural precedence areas in Australia and globally.
“We needed to see if we are able to increase the bar in our personal [AgriFutures Levied & Emerging] industries,” says Dallas Pearce, supervisor of AgriFutures Australia’s evokeAG. slate of packages and occasions. “A number of the time, these applied sciences are being developed on reflection. Whereas this time, we’re figuring out these issues, and now we’re in search of the options for these challenges.
“There’s a whole lot of applied sciences which were constructed for different sectors, however that golden alternative is how can we take a look at different industries and switch these options into agriculture.”
What’s the AgriFutures AgXelerate Program?
This system has developed from the AgriFutures evokeAG Startup Community, which ran efficiently for 2 years. Rising from that program, AgriFutures AgXelerate is designed to establish how cutting-edge applied sciences could be tailor-made to be used throughout particular agricultural industries (extra on that within the subsequent part).
Purposes are open to early-stage Australian and worldwide agrifood tech entrepreneurs and innovators trying to increase their networks and capabilities, says Dallas. “This program provides the chance to essentially get on the bottom with producers and immerse your self within the agrifood tech sector,” Dallas provides.
There are three components to this system:
• Half one begins in August 2023 with a workshop program curated to every startup, adopted by the farm discipline journeys to satisfy producers.
• Half two is an internet capacity-building program that features periods with trade specialists and mentors to information agrifood startups in areas like funding, enterprise fashions and adoption.
• Half three will take individuals on extra discipline journeys and workshops, capped off with a “golden ticket” to the agritech occasion of the 12 months, evokeAG 2024, in Perth on February 20 to 21, 2024, to showcase their innovation to potential clients and buyers within the occasion’s Startup Alley. This 12 months’s occasion attracted a file 1600 individuals together with researchers, founders, buyers, authorities and corporates.
There can be two cohorts, focusing on startups at completely different phases of technological readiness, with tailor-made help and steering to every group. When this system is accomplished, individuals can be given the possibility to submit proposals for funding alternatives of as much as $25,000. This can be used for on-farm trials to assist startups validate and refine their improvements.
What points will the AgriFutures AgXelerate program deal with?
As a part of the eligibility for this system, AgriFutures invitations startups with an curiosity of their precedence areas, also referred to as ‘levied and rising industries’, together with:
• Rooster meat
• Export fodder
• Ginger
• Honey bee and pollination
• Pasture seeds
• Marron
• Rice
• Thoroughbred Horses
• Kangaroo
• Buffalo
• Goat Fibre
• Deer
• Tea Tree Oil
• Industrial Hemp
• Bugs
• Seaweed
• Sesame
• Marron
Should you’re taking a look at that listing considering “I’m not a tea tree oil skilled” or “My startup has nothing to do with seaweed”, assume once more.
“There’s a wealth and depth of data in different industries that with tailoring to producers wants can doubtlessly present options inside these industries,” Dallas says.
Dallas cites an instance from a earlier program the place a mining startup pivoted to options for water monitoring and farm liquids, from fertiliser tanks to gas tanks to irrigation. That startup is Gasbot is in mining world, Agbot within the farming world.
“We’re solely in search of know-how that can profit our levied and rising industries,” Dallas emphasises. “However in saying that I’d like to see what we’ve seen from Gasbot and taking a look at in different sectors, whether or not it’s mining or whether or not it’s MedTech or FinTech and the way that may be tailor-made to swimsuit the agricultural sector.”
Whereas there are distinctive challenges inside every trade, there are common points most face round environmental sustainability, animal welfare, productiveness, biosecurity and useful resource use effectivity. Options for these issues may very well be proper below our noses, proper now.
Dallas concludes: “We used to speak about that the what’s the way forward for know-how appear to be or what’s the way forward for farming appear to be. However the future is now, and that is the perfect time to be an agrifood tech startup in Australia.
“It’s a good time to be taking a look at transferring your know-how and innovation into different industries. We’ve acquired such a depth of help for agrifood tech startups right here in Australia now and extra so than we’ve ever had.”
Purposes shut at 5pm AEST on Monday, 24 July 2023. Apply now at agricutures.com.au/agxelerate.
This text is dropped at you by Startup Day by day in partnership with AgriFutures.
Picture: Equipped
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