Investment into Australia’s agrifood technology has increased by 83 percent, according to AgFunder’s Founding Partner Michael Dean
Mr. Dean was one of the previous speakers at the evokeAG. 2020 conference, which wrapped up on Wednesday in Melbourne, and was attended by over 1,300 delegates. He delivered the latest statistics from the AgriFood Tech Investing Report – 2019, which revealed Australia’s total funding is now $90.3 million.
The two-day event was organised by AgriFutures Australia, and Managing Director states the theme “collaborative thinking to change the future”, and it brought every person in the agritech field together.
“I think one of the major problems is being clear about what everyone’s function is, and what every person is bringing to the table,” he said. “We specifically got the startups within the area, got the farmers in the room, got corporates and investors in the room, and we got governments in the room. Not one single one of those groups can do it on their own. They’ve distinct roles to play. For instance}, we know that startups and farmers have to work with each other and have to be aware of each other.”
evokeAG. featured 36 agritech startups, who all showcased in the one area – “Startup Alley”. It made it possible for them to meet prospective buyers and producers, and also showcase innovations which will hopefully turn farming into the future, and also link farmers with inventors to generate solutions that satisfy their needs.
Thinkbio specialises in the research, development and commercialisation of biological inoculants for agriculture, aiming to optimise yield potential while reducing environmental impact.