08 Jun 2017
Australian agtech start-ups are uniquely positioned to take on some of the biggest global players in the sector, according to Sam Trethewey, General Manager of agtech accelerator SproutX.
Speaking to bluenotes during a recent ANZ agri delegation to Asia, Trethewey said Australia will soon see a number of start-ups come to market as agtech develops.
“These start-ups by their very nature, although fairly resource poor, are going be very fast and they’re going be nimble,” he said. “And of course they’re operating in an unsubsidised agricultural economy.
"The technology [Australia’s] start-ups are creating will be for the most efficient farmers in the world.” - Sam Trethewey
“In places like Japan we see a lot of subsidies. That means the technology [Australia’s] start-ups are creating will be for the most efficient farmers in the world.
“Therefore that can be readily exported elsewhere and have positive impacts.”
Trethewey said Australian agriculture has benefitted in the past from progress in physical technology but in the future the real advances will be in the cloud.
“What we’re starting to see now is an adoption of more non-tangible technology,” he said.
“Software, apps, algorithms and things like that starting to find their way into all aspects of the supply chain and on-farm production.”
Watch the video above to find out more.
Isaac Rankin is General Manager Regional Business Banking, ANZ
The views and opinions expressed in this communication are those of the author and may not necessarily state or reflect those of ANZ.
08 Jun 2017
20 Jun 2017
09 Jun 2017