PR Newswire
29 May 2023, 05:00 GMT+10
![]() |
The new accelerator will bring the number of companies supported by SparkLabs Cultiv8 to 50. More than $AUD half a billion has been raised by the companies, which boast a combined value of more than $1.6 billion and have created over 750 new jobs.
Orange, Australia, May 29, 2023 /PRNewswire/ -- SparkLabs Cultiv8, Australia's most active Agri-Food Tech accelerator, has thrown its weight behind cleantech, funding and supporting ten startups through its new SparkLabs Cultiv8 CleanTech Accelerator.
Created in 2017 in partnership with Asia's largest accelerator, SparkLabs Group, SparkLabs Cultiv8 has become a leader in addressing climate change through innovation. Partner and Agri-Food Tech veteran Malcolm Nutt said the addition of cleantech to the portfolio made sense as Australia faces the mounting pressures of climate change.
"Australia should be globally recognised as a leader in this space - the Australian Agri-Food Tech scene has an exceptional track record of innovation and there is more happening all the time," he said. "Agriculture is essential to any conversation around climate change, we are excited to contribute through innovation and collaboration with the leading research houses in Australia."
The GATE, located at the Orange Agricultural Institute, where SparkLabs Cultiv8 launched in 2017, will be home base for the startups, which are predominantly from NSW, for the next six months. They include:
The accelerator is powered by Cultiv8 Funds Management, an Agri-Food Venture Capital Fund founded by Malcolm Nutt and Jonathon Quigley in partnership with Challenger Group. The new accelerator builds on the successful SparkLabs Cultiv8 Accelerator program and is enhanced by the support of the Department of Primary Industries, Meat and Livestock Australia (MLA), Grains Research and Development Corporation (GRDC), Cotton Research and Development Corporation (GRDC), Agriculture Innovation Australia (AIA), Fisheries Research and Development Corporation (FRDC), Hort Innovation and Science and Technology Australia (STA).
"Our globally recognised program is an opportunity to highlight the innovation occurring within NSW and broader Australia, and provides industry expertise to support the companies on their commercialisation journey," said Jonathon Quigley, Partner of SparkLabs Cultiv8. "This year's participants zero in on areas such as biodiversity, resource efficiency and renewable energy, and we are excited to partner with these businesses that will contribute to a more sustainable planet."
For more information and interviews:
Kristin Westlake [email protected] +61 416 219 358
Get a daily dose of Singapore Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Singapore Star.
More InformationCLARKSDALE, Mississippi: A judge in Mississippi has ordered a newspaper to take down an editorial that criticized the mayor and city...
JERUSALEM, Israel - Two bills that have passed a preliminary reading in the Knesset have raised concerns among civil society groups...
MILAN, Italy: Italy's competition authority has launched an investigation into four major automakers—BYD, Stellantis, Tesla, and Volkswagen—over...
WASHINGTON, D.C.: The Pentagon said this week that it has asked the military to find ways to cut about $50 billion from the 2026 budget....
HONOLULU, Hawaii: The Hawaii State Capitol needs significant repairs, which will cost between US$50 million and $100 million and could...
WASHINGTON, D.C.: The U.S. Border Patrol arrested 29,000 migrants crossing the U.S.-Mexico border illegally in January, the agency...
TOKYO, Japan: The Bank of Japan is expected to raise interest rates at least once more this year, likely in the third quarter, bringing...
NEW YORK, New York - U.S. stock markets closed lower on Monday, with the major indexes showing mixed performances as investors digested...
BLAGNAC, France: Airbus has set a target of delivering around 820 commercial jets in 2025, marking a seven percent increase from the...
NEW DELHI, India: Google is preparing to open its first physical retail stores outside the U.S., with locations in India likely to...
WASHINGTON, D.C.: One in five Americans say they are buying more than usual because they are worried about President Donald Trump's...
NEWPORT BEACH, California: Chipotle Mexican Grill is ramping up hiring efforts ahead of its busiest time of the year, known as burrito...