The SproutX Accelerator program is Australia’s first agtech focused accelerator program. By gathering the best entrepreneur mentors, venture capitalists, agriculture focused corporates, government and academia in the one place, it offers startups an opportunity of a lifetime to create world class growth companies.

— Sorry, applications are now closed.—

With the backing of our $10 million venture fund we are offering startups:

$40K in capital funding

$40,000 in capital funding

Ongoing backing

Ongoing venture capital backing after the end of the Accelerator

Mentoring

Mentoring from the world’s top agtech experts

Office Space

Six months office space in our agtech co-working space

Intro to NFF, MLA & RIRDC

Introductions to Australia’s agricultural institutions eg. NFF, MLA and RIRDC

Media & PR Access

Nationwide media & PR access via our partners & supporters

Distribution opportunities

Distribution opportunities from Australia’s largest Agri brands including Ruralco and Findex

Frequently Asked Questions

What are the timelines?

Why should I apply for SproutX?

What type of things are you looking for in an application?

We are seeking the classic trio of traction, team and technology- in that order. Team and technology are obvious, however traction can come in the form of pre-sales, sales, consumer interest, active customers and even letters of intent.

How do I create a startup that’s eligible for the program?

Just start it! There isn’t any magic to startups, it’s a lot of practical hard work and hustling.

How much equity are you seeking from startup teams?

We are seeking 8% of each company coming into the SproutX Accelerator Program in exchange for the 40k of capital and SproutX services and support. After the end of our 6 month Accelerator program, startup companies will continue to be backed by our venture capital fund. See below for further details.

What can I do with the 40k capital?

Teams are able to use the capital as they wish, however capital supplied will be based on milestones being agreed upon and achieved with program mentors.

Are teams required to move to Melbourne to do the program?

No, you are able to work from your home town/city/region in Australia. We fly teams down to Melbourne every 5-6 weeks to complete workshops with customers, corporates and investors. If you are located in Melbourne the expectation is that you work from the SproutX head office in the CBD.

Is the Accelerator only available to Australians?

While you do not have to be an Australian citizen, your business must be domiciled in Australia and during the program you must be located on the continent. If you are from overseas you will be required to move to Australia during the program.

Can I do the Accelerator part time?

The Accelerator requires at least one founder in the team to be working full time. Startup success is about commitment and part time founders are unlikely to be successful.

What are the details of the post-Accelerator ‘venture capital backing’?

With the help of our partners Artesian Ventures, the SproutX Venture Capital Fund provides follow-on investment for startup companies after the end of the Accelerator Program. For example, when a company completes the Accelerator program and then receives say $150,000 in funding from 3 angel investors in a ‘seed round’ the fund will then ‘follow’ that investment and match the $150k and the terms of that investment. The fund has the ability to match investments by up to $1 million thereby providing support to entrepreneurs in funding rounds on an ongoing basis.

Can I book in a session to get some advice from someone at SproutX?

Yes you can, please use the calendar below to book in a session. One session per team only, make sure you turn up, if you miss your session unfortunately you can’t book another.

More Questions? Book a session.

If you have more questions about the accelerator program you would like to get answered please book a session and we’ll be happy to help

— Applications are now closed sorry —

An incredible opportunity for you to take an agtech startup idea and create a business from it or acquire the skills to become startup ready.