Minister for Agriculture, Mary-Anne Thomas, has launched the $2.2 million Victorian AgTech Entrepreneurs Initiative, a partnership between Agriculture Victoria and the state's startup agency LaunchVic.

The initiative aims to support the development and adoption of new technology that can help improve farm productivity and grow agricultural industries.

The Victorian AgTech Entrepreneurs Initiative is set to boost the number of startups across the state and enhance the entrepreneurial culture and capability in the agriculture sector.

The scheme will provide eligible organisations with grants of up to $600,000 to run pre-accelerator programs which provide support for early-stage startup founders who need help developing their product, honing their business model and connecting with investors.

Victoria's AgTech sector will be further strengthened by a series of regional events to connect industry, farmers, researchers and aspiring founders at each of Agriculture Victoria's regional SmartFarms.

The initiative is part of the $15 million AgTech Regional Innovation Network funded through the Victorian Government's 10-year Agriculture Strategy.

Eligible organisations with the capability to run a Victorian AgTech pre-accelerator program are encouraged to apply now for this initiative. Applications close on 27 October 2021.

For more information or to apply, visit www.launchvic.org/agtech.