From game changing start-ups that have global potential utilising vertical farming, robotics and emerging technology, the industry is being challenged to change with traditional methods being enhanced with the greater use of that technology. Over the two days, the inaugural AgTech Summit will explore how technology is revolutionising a traditional Australian industry.
In 2016, global investment in agtech was $A3.2 billion and there was a 10 per cent increase in global venture capital deals, according to AgFunder’s AgTech Investing Report 2016.
With the opportunity on our doorstep and global demand for fresh food expected to increase by 60% by 2060, our established trade relationships with China and India will greatly assist us in those emerging markets that are consuming a greater amount and larger variety of produce. Australia has the potential to be a global supplier for this demand and with the opportunity to develop technology that can cater to these exponential figures, AgTech should be the priority of our government, industry and investors alike to realise the economic benefits of the digital technology revolution.
No industry will be left untouched and a traditional Australian industry has the potential of evolving to be global leader in agricultural technology. We have a long history of embracing technology in this sector, but there is an urgency to realise our potential at one of the most exciting times where convergence is key.
Together with our partner SproutX and Cicada Innovations we will cover:
- Vertical Farming
- Precision farming
- Farm to fork
- Precision Agriculture
- Supply chain tech
- Yield management
- Supply chain automation