SproutX new venture accelerator program support

Summary

MDC and SproutX partnered to inject the Australian agricultural industry and red meat sector with programs, talent and funding to develop disruptive technology to increase efficiencies in on farm and in the supply chain.
More specifically on the partnership with SproutX was to develop investment and market-ready technology for the red meat industry using the most cost-effective, agile method of commercialisation.

In the 30 months SproutX and MDC has partnered, five red meat focused startups were selected and taken through the program.  To date, they've raised funds, validated their ideas in the market, secured distribution and earnt post revenue status. In the first Accelerator Program, MDC sponsored 4 red meat startups, and another in the 2018 program. While the partnership in its existing form will come to completion in April 2019, SproutX continues to support companies in its Accelerator that directly or indirectly benefit the Australian livestock industry. 

The objectives of the project were to give MDC access, opportunities and participation to the national agtech community SproutX has been building since February 2016. This included but was not limited to community events in major eastern states capitals cities, the pipeline of talent in the pre-accelerator programs and of course the deal flow for the 2017 and 2018 SproutX Accelerator programs.
 
This report builds on the observations of previous program directors, with updated summaries of startup performance to date.  SproutX would like to thank Meat and Livestock Australia, and the MLA Donor Company for their essential support during its formative years of establishment.