Investment in future of agricultural innovation

ByThomas L. Elston

Jul 18, 2022 , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,


Taking flight: Technologies is a growing element of agriculture and Melbourne will become the hub for an AgTech get started-up ecosystem.

A earth-leading AgriFood innovation trader will create a Victorian foundation, speedy-monitoring advancement of AgTech employment and supporting Victorian farmers.

Financial Growth Minister Tim Pallas visited Silicon Valley in California around the weekend to seal the establishment of the SVG Prosper Australia Undertaking and Innovation Platform, which will place Victoria as the primary AgTech hub in Australia and New Zealand.

SVG will start a $50 million Prosper Australia Enterprise Fund, which will facilitate ongoing intercontinental financial investment in the AgTech sector and grow the AgTech get started-up ecosystem throughout the region.

“This is a major vote of self-confidence in Victorian AgTech and the payoff will be in work now and in the future,” Mr Pallas claimed.

“It will give a big strengthen for the innovators establishing new merchandise and processes to change agriculture in Victoria and all around the planet.”

Recognized in 2010, SVG will provide its really effective proprietary platform — comprising the flagship Thrive Accelerator Method, Company Innovation Software, improvement programs and activities — to Victoria.

SVG also programs to spouse with La Trobe University’s Australian Food items Innovation Centre.

Melbourne will be household to the new once-a-year Thrive Australia Innovation and Investment decision Summit, which will provide with each other some of the world’s brightest minds, considered leaders and business owners, showcasing artistic and impressive answers to advance the AgTech sector.

SVG has constructed a group of around 6000 begin-ups from 100 countries, and works with business owners, investors and Fortune 500 firms to advance the foodstuff and agriculture industries via innovation.

“We are enthusiastic to embark on our ANZ journey from Victoria — a substantial agricultural market, home to globe-foremost exploration organisations and a central place to capture AgTech accomplishment,” SVG chief govt and founder John Hartnett explained.


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