What is Agritech and Foodtech?

The specific primary sector areas covered in Sprout’s definition of Agritech and Foodtech include: 

Agritech 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:

Agritech

• 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 e-commerce 

Foodtech

• Software, AI and E-commerce

• 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.