Sprout Accelerator offering $500,000 to innovators working on New Zealand’s agricultural and food challenges
Sprout Accelerator is back and looking for registrations from both traditional agritech and future-food focussed start-ups from New Zealand and abroad.
Innovations at all stages of development are encouraged to come forward and work with the Sprout Accelerator.
Eight New Zealand start-ups will be selected to join the six-month accelerator starting in January 2020. The Accelerator offers $75,000 worth of business coaching, mentoring, network access and MBA style block courses held around New Zealand.
The Sprout partners have stepped up to subsidise this for New Zealand’s most promising innovations. Sprout partners include the government’s innovation support agency, Callaghan Innovation, agricultural innovation funder AGMARDT, and a host of New Zealand’s most prominent agribusinesses including Fonterra, Zespri, Gallagher, Livestock Improvement Corporation (LIC), PGG Wrightson, Massey University, CEDA and KPMG.
Entrepreneurs will receive business mentoring and workshops from world-class business owners and directors from across the technology, agricultural and food industries. Upon completion of the accelerator, participants will also have access to an investment pool of $500,000.
Agritech and future-food start-ups have gone through the accelerator since 2015 with alumni raising a total of $11.5M in capital, going on to grow their revenue by 50% and achieve their biggest sales on record at the end of the accelerator.
Registrations for the Accelerator close on 22 November.