SproutX launches first Pre-Accelerator Program backed by funding from LaunchVic

15 March 2022
2 min read

15 March 2022

The emerging field of agricultural technology has the potential to reshape global agriculture, increasing the productivity and reducing the environmental implications of ag production practices. Diverse technology in farming creates new solutions for food production leaving a positive impact on the lives of producers and consumers.

That's why Findex started national agtech accelerator, SproutX. The team at SproutX help connect Australian founders, investors, industry mentors, agribusiness, academia, and government to world-class innovation across the agrifood supply chain.

Now with funding from the state innovation agency, LaunchVic, SproutX are launching their first ever Pre-Accelerator Program, Business of Agriculture*, to attract new entrants to the agtech ecosystem with the long-term aim of converting science and technology entrepreneurs into Victorian technology businesses. The $2.2 million in funding SproutX has received will be used to run a two-year project, with a target to foster 70 incorporated start-ups by 2024.

The Pre-Accelerator Program

SproutX will be running a free 10-week online course, with an autumn and a spring cohort each year, including online workshops that work around your daily routine and current job. The program will also offer farm tours that cater to individuals from tertiary research, academic, and corporate research and development participants to consider commercial opportunities through start-ups.

Who is this for?

We’ve helped companies that harness satellite and climate data, create compostable, single-use, eco-friendly drinking straws, and develop chemical-free weed management, proving that the magnitude of ideas is endless. Whether you are a farmer entrepreneur, small agribusiness owner, tech-curious corporate employee, or simply someone with a drive to make a positive impact on the environment from your field, this program is designed to assist and guide your entrepreneurial aspirations through the Australian start-up scene.

How it works:

  1. Join an agtech incubator: Build your business from the ground up and potentially turn your entrepreneurial dreams into commercial reality.

  2. Receive financial help: Collect bursaries of up to $10,000*.

  3. Meet collaborators heading towards the same goal: Exchange ideas with like-minded innovators and form your own community.

  4. Connect with mentors. Get access to SproutX’s mentor network with personal introductions to experts in agricultural innovation and start-ups.

* subject to availability

Find out more

Together we can help turn your ambitious ideas into a company with a mission. Send through your expression of interest here.