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Ag Tech Sunday - SproutX 2020 accelerator program applications now open

  • By: "Prime" Ag News
  • Jan 19, 2020

This article is bought to you by Entegra Sheds.

We're excited to say applications are open for the SproutX 2020 accelerator program.

Expanding on our 2019 program, we're continuing to focus on startups solving the biggest challenges across the full farmgate to plate experience.

Agriculture is set to become a $100b industry by 2030, and we believe technology will be a key enabler to reach this mark. By empowering founders to build world-class technologies, we can have a positive impact in the lives of producers and consumers.

With the backing of our $10 million venture fund, we are offering startups:

  •  Investment of $40,000 for 8% equity with up to $1.5M follow-on funding.
  •  Subsidised travel and accomodation in Melbourne for workshop sprints.
  •  Pitch training, business coaching and investor workshops.
  •  $15,000 of AWS credits.
  •  Two producer tours in regional Australia.
  •  Six months co-working space in Melbourne.
  •  Access to alumni community and corporate partners.

Who we're looking for?

  • Skilled and resilient founders, with high growth plans for their business.
  • Pre-seed startups building tech solutions in a “farmgate to plate” vertical, which includes agriculture, food, packaging, transport, waste, consumables and agri-tourism.
  • In prototype to early revenue stage, or ideation stage with ability to demonstrate market need.

Key Dates

9TH JAN - 14TH FEB (5pm AEST): Applications Open

20TH - 21ST FEBRUARY: SproutX Team Interview

5TH - 12TH MARCH: Panel interview

16TH - 17TH MARCH: Offers sent

20TH - 23RD APRIL: Launch Week

Workshops

Week 1

Induction, goal setting, startup foundations, team dinner, community pitch.

Weeks 2-3

Validation, go-to-market strategy, product design, user journey.

Weeks 4-5

Producer tours, finance, legals, HR raising capital.

Week 6

Demo days in Sydney and Melbourne.

https://sproutx.com.au/

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