Posted on February 25th, 2019
The Central Highlands Development Corporation (CHDC) and X-Lab will lead a ground-breaking new program to nurture the growth of agtech startups operating from inland Queensland and Northern NSW.
The AgFrontier Agtech Incubator will provide regionally-based startups the opportunity to work and grow in a dedicated program designed specifically for rural businesses and individuals who have a practical understanding of agriculture.
AgFrontier is one of only four successful incubator funding applicants from across Australia to be announced last Friday who will collectively receive more than $1.7 million from the Australian Government’s Incubator Support initiative.
The Local Buying Foundation and the Cotton Research Development Corporation have also committed early support for the Incubator.
“SwarmFarm Robotics is an innovative startup based from Gindie, Central Highlands, and an excellent example of the solutions-based, innovative approach that producers and industry members can bring to agtech development,” CHDC Agribusiness Development Coordinator Liz Alexander says.
“We want to connect, support and unlock opportunities for other innovative agricultural startups, scale-ups and spin-offs, who also have the potential to go global, while still operating a regionally based business.”
This initiative builds upon the success of the sold-out AgTeCH17 in the Central Highlands and AgTeCH18 events in Mungindi, NSW, which showcased a wealth of talent, passion and expertise in the regions, as well as the strong demand for new technologies.
Pre-registration is open at www.chdc.com.au/agfrontier until Friday 5th April.
Mrs Alexander predicts there will be no shortage of high-quality applicants.
Ten individuals and/or businesses will be chosen to participate in the 16-month program, which will include a tailored curriculum of regular workshops, virtual coaching, and businesses fostered by X-Lab’s startup network and tech ecosystem.
The cohort will access national and international investor and peer networks, with a featured showcase at the Emerald AgTeCH19 and Mungindi AgTeCH20 events, a Global Linkages mission to the USA, and the opportunity to pitch to relevant investors at the Incubator’s conclusion.
“We are thrilled that the Australian Government has recognised the importance and value of investing in regional Australia and its rapidly growing agtech industry,” Mrs Alexander says.
CHDC’s award-winning Central Highlands Accelerate Agribusiness (CHAA) initiative identifies the region’s comparative advantages and delivers strategic interventions and programs to grow, promote and realise value and opportunity for all agribusiness. CHDC hosts AgTeCH: Build it, Use it, Profit, a major biennial innovation and technology event for the Australian agricultural community held in Emerald, Central Queensland, and in Mungindi, NSW with the Mungindi Cropping Group. www.chdc.com.au
X-Lab focuses on driving impact for the Australian agri-food and fibre sectors. It delivers incubation and acceleration programs focused on education, inspiration, exploration and enterprise to support high-potential entrepreneurs and innovators build high-growth, tech-powered businesses. www.x-lab.com.au
Find AgFrontier on social media using #agfrontier. Follow CHDC on Facebook, Twitter and LinkedIn.
EDITOR’S NOTE: Please contact Liz Alexander on (07) 4982 4386 or 0429 471 511 for further information.