New Sprout partner boosts funding available to agritech start-ups

The Sprout programme has gained greater support from industry for the 2016/2017 programme with the addition of AGMARDT to the Sprout family of Corporate Partners. 

Sprout applied to AGMARDT in March for funding in support of the programme with an Agribusiness Innovation Grant (AIG). The grant means the eight selected Sprout companies will now receive $25,000 each, a $5,000 increase from the 2015/16 programme. 

Programme Manager James Bell-Booth said "AGMARDT have been a cornerstone supporter and funder of Innovation in the New Zealand primary industries for close to 30 years. They’ve been in this space long before we arrived. To have their support is a milestone for Sprout and we look forward to all the support they have to offer; from advice through to funding and network connections."

The objective of the AIG grant is to encourage and support industry sectors and businesses to develop and implement innovative solutions to assist with transformational change within agribusiness value chains, with particular focus on the agricultural, horticultural and forestry sectors.

General Manager of AGMARDT Malcolm Nitschke said “Sprout is an exciting initiative for agritech entrprenuers. What AGMARDT liked about the programme is its focus on the market, entrepreneurs and innovators being trained and developed in understanding how their ideas will bring value to customers. We have supported many innovators over the years and the biggest challenge with all of them is getting them focused on the market and customer needs.  Sprout does exactly this."

AGMARDT will have a representative on the Sprout Selection Committee in September, helping to choose the next eight agritech entrepreneurs for the Sprout programme.

You can learn more about the many types of support AGMARDT can provide here.