What is agritech?

Agritech is the sector description defining the new opportunities for technology and products that will assist in the feeding of a projected 10Billion global inhabitants by 2050.  Sprout views these opportunities as the ability to use technology in areas from the paddock to the plate, in a way that will improve yield, efficiency and profitability through the sector.  

The specific primary production areas covered in Sprout’s definition of agritech include:

  • Agriculture
  • Horticulture
  • Apiculture
  • Forestry
  • Pipfruit
  • Viticulture
  • Aquaculture

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

  • The use of sensors and ‘internet of things’ or precision agricultural
  • Robotics and automation
  • Biotechnology
  • Software
  • UAVs, their supporting software, hardware and sensing technology
  • Big data
  • Supply chain and logistics software