SproutX

What is SproutX?

SproutX is an innovation accelerator based in Melbourne, Australia, that specializes in the ag-tech and agriculture sectors. Founded in 2016, the firm focuses on empowering the humans behind food and agricultural technology through world-class commercialisation support.

SproutX facilitates connections among Australian founders, investors, industry mentors, agribusiness, academia, and government to promote innovation across the agrifood supply chain.

With the agribusiness sector in Australia valued at $208 billion and growing, SproutX addresses the impact of disruptive technologies on farming over the past five years by empowering those building agricultural technologies to positively affect the lives of producers and consumers.

SproutX offers various programs, including a Pre-Accelerator 16-week hybrid course and a 6-month Accelerator program.

Participants receive business registration support, scholarships, coaching by dedicated mentors, guided tours through the AgTech landscape, industry agtech wishlists, access to events and producer tours, and AWS activate support and credits. Moreover, they gain lifelong connections within an extensive network.

SproutX's impact includes creating 175 jobs, generating $25 million in revenue, raising over $16 million in venture capital, and reaching a portfolio valuation of over $97 million. The firm invests a fixed amount of $40,000 across stages, ensuring they take part in fostering the next wave of innovation in the industry. Partnerships with leading Agtech companies and a focus on helping startups become investment- and export-ready round out SproutX's commitment to the agrifood sector.

The programs are exclusive to Australian-based startups, with an emphasis on global ambitions and technology diversity.