CSIRO is once again opening the doors of its India Australia Rapid Innovation Startup Expansion (RISE) Accelerator, calling on startups and SMEs focused on innovative agritech solutions. This time, the program is centred around Climate Smart Agritech, encouraging businesses that are tackling agricultural challenges related to climate change, resource scarcity, and food insecurity.
The RISE Accelerator, first launched in 2023, offers Australian and Indian innovators the chance to expand their reach into new markets. This latest cohort focuses on agritech solutions that are scalable, deployable, and tailored to the unique agricultural landscapes of Australia and India. Participants will have the opportunity to adapt and validate their technologies, making them fit for the demands of international markets.
Tamara Ogilvie, director of the RISE Accelerator program, highlighted the significance of the program for startups looking to integrate into overseas innovation ecosystems. She emphasised that while there are similarities between the agricultural contexts of the two countries, the distinct scale of farming operations and livelihoods presents unique challenges.
Throughout the nine-month program, participants will engage in a mix of self-paced online learning and in-person sessions. These include immersion weeks in both Australia and India, offering deep market insights and valuable networking opportunities. The program also provides one-on-one mentorship from industry experts to help participants navigate their journey.
Naomi Vowels, co-founder of givvable and a participant in the current RISE cohort, underscored the value of face-to-face interactions during the program. She shared that the immersion week in India was particularly beneficial, providing a deeper understanding of the market and customer needs.
The RISE Accelerator is part of the Australian Government’s India Economic Strategy 2022, addressing global challenges with a focus on climate and environmental issues. The latest round seeks to support the development of solutions that can enhance productivity, reduce emissions, and optimise natural resource use in agriculture.
Dr Rose Roche, Ag2050 Program Lead at CSIRO, stressed the importance of continuous innovation to ensure the profitability and sustainability of farming systems. She pointed out that collaboration with startups and SMEs, known for their agility and creativity, is key to finding groundbreaking solutions.
Applications for the program close on 15 September 2024. Selected startups may also qualify for up to A$75,000 in non-equity grants, along with opportunities for travel between Australia and India.
The RISE Accelerator is a joint initiative between CSIRO and India’s Atal Innovation Mission (AIM), promoting innovation and entrepreneurship across both nations.
There is no charge for startups to participate in the program, with a number of opportunities to travel between Australia and India. Participating startups may also be eligible for up to A$75,000 in non-equity grants.
Find out more and apply, or, join our info session on 28 August 2024.
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