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$2.2m up for grabs for AgTech entrepreneurs

The Victorian Government is backing innovators across the state to support the development and adoption of new technology that can help improve farm productivity and grow our agriculture industries.

Minister for Agriculture Mary-Anne Thomas today launched the $2.2 million Victorian AgTech Entrepreneurs Initiative, a partnership between Agriculture Victoria and the state’s startup agency LaunchVic.

“Accelerating the growth of Victoria’s AgTech startups will create jobs and growth, as well as opportunities for our farmers to use cutting-edge tools, data and technology which will drive efficiency, productivity and sustainability,” said Minister for Agriculture Mary-Anne Thomas.

“With one of the world’s most modern and productive agricultural systems, Victoria is well placed to lead Australia as a powerhouse for AgTech innovation and entrepreneurship.”

The Victorian AgTech Entrepreneurs Initiative is set to boost the number of startups across the state and enhance the entrepreneurial culture and capability in the agriculture sector.

The Government is investing in AgTech to revolutionise farming and drive significant productivity gains that will position the state as a world leader in digital agriculture.

This initiative will provide eligible organisations with grants of up to $600,000 to run pre-accelerator programs which provide support for early-stage startup founders who need help developing their product, honing their business model and connecting with investors.

Victoria’s AgTech sector will be further strengthened by a series of regional events to connect industry, farmers, researchers and aspiring founders at each of Agriculture Victoria’s regional SmartFarms.

The initiative is part of the $15 million AgTech Regional Innovation Network funded through the Victorian Government’s 10-year Agriculture Strategy and will deliver on the commitment to modernise Victorian agriculture by boosting investment, innovation and future skills.

It will also support broader Government programs including the Victorian Startup Capital Fund, which works to enhance Victoria’s venture capital sector, stimulate jobs and boost innovation.

Eligible organisations with the capability to run a Victorian AgTech pre-accelerator program are encouraged to apply now for this initiative. Applications close on 27 October 2021.

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