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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