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What is AgTech and FoodTech?

The specific primary sector areas covered in Sprout’s definition of AgTech and FoodTech include: 

AgTech 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:

AgTech

  • 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 ecommerce 

FoodTech

  • Software, AI and Ecommerce
  • 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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