Hyderabad based startup incubator T-Hub has teamed up with Beanstalk AgTech, a Melbourne based firm the advises and connects agritech startups and investors in the Asia Pacific region, to launch the Graft Australia-India AgTech market access program. The two-and-a-half-month programme is expected to benefit 12 startups every year.
The programme will be supported by the Australia India Council, Grains Research and Development Corporation, Birchip Cropping Group, FarmLink and the Telangana and Australian government, according to a statement.
“The new programme, announced with T-Hub, enables Beanstalk AgTech to identify startups with innovative products and solutions that have the potential to solve challenges for the agricultural sector in India and Australia,” said T-Hub CEO Ravi Narayan.
T-Hub is a public-private partnership between the Telengana government, IIIT Hyderabad, ISB and several corporate enterprises.
For selected Australian startups, T-Hub will bring in corporate leaders as mentors, enabling these organisations to benefit from access to the Indian market and drive business growth. On the other hand, BeanStalk Agtech will provide local entrepreneurs with access to the Australian market. The collaboration aims to boost trade relations and knowledge-transfer between the two countries.
Shortlisted startups will receive virtual coaching and access to information and strategies to approach the agricultural industry in both countries, followed by 10 days of field experience in both markets.
“This industry-backed programme recognises the need to tap into innovation talent across the Indian and Australian agritech sector and the broader startup ecosystem. The focus of this year’s programme is on building greater climate resilience for the grains industry in both countries,” said Will Taing, co-founder and director, Beanstalk AgTech.