What is Agritech and Foodtech?

The specific primary sector areas covered in Sprout’s definition of Agritech and Foodtech include: 

Agritech Sectors

  • Dairy

  • Meat industry

  • Fisheries and Aquaculture

  • Apiculture

  • Horticulture and Viticulture

  • Broadacre and cropping

  • Forestry

Foodtech Sectors

  • Food producers

  • Food wholesalers

  • Food retail

  • Restaurants and hospitality

  • Direct to consumers

The most common technology and product areas that are being utilised to create quantum improvements and therefore large scale business opportunities are:

Agritech

  • Ag biotechnology (includes plant & animal biotech/genetics)

  • Crop Protection and input management

  • Animal technologies (includes livestock, aquaculture insect farming and apiculture)

  • Robotics and automation

  • Software and AI

  • Sensors and IoT

  • Fintech and e-commerce 

Foodtech

  • Software, AI and E-commerce

  • Health and nutrition

  • Novel foods and ingredients

  • Supply chain and logistics

  • Processing and packaging

If you’re not sure if your business or idea fits one of these categories, you can get in touch with the Sprout team to check.

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