Powering Growth: Realizing the potential of AgTech for Australia (Report)


Australia has its roots in the agriculture, both literally and figuratively. We owe much of our prosperity to the hard work and determination of generations of drovers and planters, shearers and growers. Our nation takes pride in its farmers, regional centres and national produce.
— Andrew Robb, former Federal Minister for Trade and Investment

This report, recently released by StartupAus, covers the both the current state of agtech in Australia, as well as challenges we'll face in bringing digital technologies to build the agriculture industry of the future. 

Agriculture is critically important in Australia, as it has been for hundreds of years. The world is  changing as digital technologies become ubiquitous, and agriculture, too, needs to realize the many benefits that technology can offer.

The report, written in collaboration with KPMG and Commonwealth Bank, highlights a number of opportunities for Australia. 

The report, written in collaboration with KPMG and Commonwealth Bank, highlights a number of opportunities for Australia. 

But bringing valuable digital technologies to agriculture that are cost-effective remains a challenge. The report identifies a number of opportunities, as well as three key recommendations: 

  1. Capital
  2. Connectivity
  3. Direction  

Each recommendation is broken down into four specific initiatives that would help develop the agtech ecosystem in Australia. For example, the report calls for increasing the R&D tax incentive, and paying it out quarterly.  

AgTech Startups On the Move

The report features multiple agtech startups who are already working to bring technologies to agriculture. We are thrilled to be featured along with other leading agtech startups from around the country. 

Case studies from organizations throughout the agriculture industry are also provided as an overview of what else is going on, and to suggest opportunities for collaboration. 

Lessons From Abroad

AgTech- both the challenges and opportunities- is not unique to Australia. The report highlights the approaches of other countries, such as the US and Israel, to bring technologies to agriculture. Hopefully, Australia can learn from the mistakes and successes of other countries who have already begun to create enabling infrastructure and policies. 

We hope this report catalyzes discussions and action toward creating an inclusive agtech ecosystem. You can download the full report here.  

 

 

 

 

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