SproutX, Australia’s only dedicated AgTech Accelerator program is offering young Australian farmers and aspiring entrepreneurs the opportunity to apply and adopt new technology and bring new ideas to fruition.
A joint venture between the National Farmers Federation and financial services firm Findex, the program helps identify, promote and commercialise the best new ideas in food, fibre and agribusiness by connecting AgTech entrepreneurs with investors.
The SproutX Accelerator program is currently accepting applications for its 2017 program, offering $40,000 in capital, top tier mentoring, six months office space and product distribution via its partner Ruralco.
Successful applicants are also backed with ongoing venture support by SproutX’s $10 million early stage venture capital fund.
Last year saw over 20 Victorian start-ups assisted through SproutX, including the development of long range sensors on cattle for the early detection of disease, drones fitted with artificial intelligence and biotechnology that accurately predicts fertility in horses.
To apply or find out more about SproutX visit www.sproutx.com.au – applications close May 8.