Taking Australia’s ag-tech to the world
THE Federal Government launched a new initiative to help attract more investment in Australia’s emerging agri-food technology sector.
Minister for Trade, Tourism and Investment Simon Birmingham made the announcement last week at Evokeag in Melbourne and said a new digital platform known as “Agriculture 4.0” would help better connect Australian ag-tech and food-tech businesses with overseas investors and innovators.
“Australia has the potential to be a powerhouse in agri-food tech and we want to help the sector reach its full potential,” Mr Birmingham said.
“Our farmers are some of the most innovative in the world but we’re behind the pack when it comes to commercialising our food and farming technologies.”
The initiative will facilitate connecting investors with Australian farmers and ag-tech start-ups as well as creating more collaborative research and development opportunities.
“While exports of food and agricultural products will always be an essential ingredient in Australia’s economy, we should also seize the opportunity to export more of our world-leading ag-tech knowledge and skills,” Mr Birmingham said.
Minister for Agriculture and Water Resources David Littleproud said the need for Australia to take agri-food tech innovation to the next level was greater than ever.
“Australia has the foundations to be a world leader in agri-food technology but we do need entrepreneurs and investors to give us a helping hand,” he said
“With Australia’s agricultural sector set to be worth $100 billion by 2030, we need to make sure it is fit for the future.
“Australian farmers need to be as well placed as they can to capitalise on the growing demand from emerging markets in Asia.
“That’s why we need to showcase the best of our talent to the world and attract more investment to Australia’s agricultural sector.”
More information on the initiative can be found at www.austrade.gov.au/ agriculture40.