Big funding opportunity for Australian agri-tech start-ups

Posted by Andrea Hogan on 24th April 2017

Australian agriculture entrepreneurs are being offered the opportunity each to receive $40, 000 in start-up capital to help launch a new business idea.

Offered by the SproutX Accelerator program, successful applicants will also receive mentoring from agtech experts, six months of rent-free office space in Melbourne, introduction to key industry groups and publicity support.

SproutX was established by the National Farmers Federation and financial institution, Findex.

The program is designed to be a collaboration between corporate, academia and government to enable Australia’s agriculture sector.

SproutX says it is looking for applications from start-ups which have “traction, team and technology”. Applicants should have evidence of interest in their technologically-driven agriculture business, whether it be through sales, proof of consumer interest or letters of intent.

Those who want to apply for the program need to do so before 8 May 2017. More information and application forms can be found at the SproutX website.

 

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