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Victorian Minister for Agriculture, Gayle Tierney, announced the grants, which are a partnership between Agriculture Victoria and the state's startup agency LaunchVic, with a $1 million AgTech Grants Program. Grants of $50,000 will be offered to 20 emerging AgTech startups.
An additional $300,000 AgTech Angel Network Grant will support the establishment of Victoria's first dedicated agriculture Angel Network to invest in Victorian AgTech startups.
The funding aims to help ensure early-stage AgTech founders get immediate access to capital while also building startup investment capabilities in the agricultural private sector.
The grants are part of the government's $15 million AgTech Regional Innovation Network (AgRIN), funded through the 10-year Agriculture Strategy to support the growth of a vibrant Victorian AgTech ecosystem.
For more about AgRIN visit: http://bit.ly/3XYugfR
To apply for the new grants, visit www.launchvic.org
