Subscribe

Aus agtech: fast, nimble & taking on the world

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.

Aus agtech: fast, nimble & taking on the world

“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.

editor's picks

08 Jun 2017

Agtech: not just another buzzword

Mark Bennett | Head of Australian Agribusiness, ANZ

On-farm technology will play a major role in helping Australian farmers reach higher levels of productivity - and profit.

20 Jun 2017

NZ agri: there’s an app for that

Con Williams | Rural Economist NZ, ANZ

A technology tsunami is upon the primary sectors. What are the apps which will help?

09 Jun 2017

ChAFTA’s bright future

Alan Oxley | Managing Director, ITS Global

On the second anniversary of the China-Australia Free Trade Agreement economic engagement is already deeper and broader.