Hyderabad-based startup catalyst T-Hub has partnered with Beanstalk AgTech, a venture builder focusing on high-growth Agricultural Technology (AgTech) companies across the Asia-Pacific region, for the Australia-India AgTech Market Access Program.
The program sponsored by the Australian Government – Department of Foreign Affairs and Trade will kick-start in early 2019 with an aim to solve important agricultural sector problems in both the countries.
The Australia-India AgTech Market Access Program is the first bilateral platform between both the countries that provides a tailored and structured pathway for cross-border growth of AgTech startups.
“It has been absolutely fascinating to visit T-Hub, one of the world’s leading startup engines. Victoria is also extremely proud of our dynamic startup sector. We look forward to growing Victoria’s engagement with T-Hub, starting with the wonderful exchange that will come through the T-Hub/Beanstalk collaboration. Victoria is the AgTech hub of Australia, and the opportunity to lift productivity in the agricultural sector through technology can bring benefits to farmers in India, Australia and around the world,” Linda Dessau AC, Governor of Victoria visited T-Hub today on her first official visit to Hyderabad said.
T-Hub and Beanstalk AgTech will select twelve best-in-class AgTech startups from both countries that can solve agricultural problems of Australia and India using advanced technologies.
“For this program, we will select startups with brilliant solutions for the agriculture sector and who are ready to explore a new market. T-Hub brings value for these startups by helping them to localize their product, figure out the right sales channels, and introducing them to potential customers and channels across the country in order to scale their companies. We are positive that this partnership will help strengthen the vibrant entrepreneurial ecosystems in both India and Australia,” Srinivas Kollipara, CEO of T-Hub said in a statement.
This platform aims to provide a sustainable model for helping innovative startups to make the biggest impact in Australia and India, and to enhance agricultural yields in both countries.
“This challenge-led market access platform will ensure that AgTech companies making the journey across borders are solving specific challenges that speak to their comparative strengths. Through this partnership, Beanstalk AgTech and T-Hub will support these high-growth companies to access networks and capability development to ensure their solutions can be localised to drive strong commercial, social and environmental outcomes in the agricultural sector”. William Taing, Co-Founder of Beanstalk AgTech.