Is augmented reality the future of farming?
Imagine a farmer being able to tell a paddock’s pasture cover and dry matter content just by looking at it, or accessing information about a cow’s body condition score in the same way.
Farm to fork agritech start-ups nationally and internationally are being encouraged to come forward for the next cohort of the Sprout Accelerator.
The Sprout Accelerator benefits agritech businesses that have a prototype and existing revenue, but need extra support to help them grow. Eight New Zealand and four international agritech start-ups will enter the six month accelerator in 2019, the accelerator will provide assistance tailored specifically to their needs, focussing on three key areas that enable scalable growth; high margin business models, distribution, and execution advice from experienced entrepreneurs.
Along with the funding, the selected start-ups will also have access to an extensive mentoring programme and four fully-funded underground events hosted around New Zealand. These events are designed to upskill the start-up’s knowledge of the agritech and business industry.
The accelerator has been operating since 2015 and alumni have gone on to triple their sales, pitch their companies to investors, secure nationwide distribution agreements and see a 300% increase in their customers product yield.
Steven Ridder, chief executive of Teralytics, a New York-based company that is building the world's first intelligent mobility operating system, was recently hosted by Sprout in New Zealand and is a supporter of the accelerator.
“Being hosted by Sprout gave me insight into how many parts of New Zealand’s agri sectors work, with direct connection to the people that would otherwise have taken me months to find and connect with. Sprout offers true acceleration on a new level that money alone can’t buy,” Ridder says.
Micropod, an agritech company that produces self-sustainable fresh microgreens, was one of the companies selected for the 2018 accelerator. Founder and CEO Jeffrey Xu says Sprout provided his team the tools they required to become great entrepreneurs and business people.
“The team of experts we worked with were very genuine and offered candid real world advice. They made sure we were hitting our milestones and held us accountable. Sprout’s network in the industry is second to none and really opened up many doors for us. We have learnt more about start-ups and about ourselves in the last six months, than in an entire year before joining Sprout,” Xu says.
Registrations for the Accelerator close on 4 November. Apply for the 2019 Sprout Accelerator at sproutagritech.com
South Waikato farm manager Ben Purua’s amazing transformation from gang life to milking cows was rewarded with the Ahuwhenua Young Maori Farmer award last night.
Bankers have been making record profits in the last few years, but those aren’t the only records they’ve been breaking, says Federated Farmers vice president Richard McIntyre.
The 2023-24 season has been a roller coaster ride for Waikato dairy farmers, according to Federated Farmers dairy section chair, Mathew Zonderop.
Ministry for Primary Industries (MPI) director general Ray Smith says job cuts announced this morning will not impact the way the Ministry is organised or merge business units.
Scales Corporation is acquiring a number of orchard assets from Bostock Group.
Family and solidarity shone through at the 75 years of Ferdon sale in Otorohanga last month.
OPINION: This old mutt well remembers the wailing, whining and gnashing of teeth by former West Coast MP and Labour…
OPINION: Your canine crusader gets a little fed up with the some in media, union hacks, opposition politicians and hard-core…