In Australia, SparkLabs Cultiv8 is an advanced agriculture and food technology accelerator that will be launched by SparkLabs Group and New South Wales Department of Primary Industries. SparkLabs Cultiv8 will offer companies prototyping and scaling support for their research and business.
Based outside of Sydney at the Orange Agricultural Institute in the Global AgTech Ecosystem, the Cultiv8 program will commence in 2018 to provide access to industry leading mentors, access to the NSW Department of Primary Industries Innovation and Technology Research platforms, linkages with relevant corporates such as KPMG Australia and MinterEllison, plus exposure to the SparkLabs Accelerator network. SparkLabs Cultiv8 Accelerator participants will be able to access up to A$100,000 for an agreed stake.
SparkLabs, Asia’s largest accelerator group, launched their first accelerator in Seoul five years ago. To date, with programs across Asia, 79 percent of graduates have received over US$235 million in follow up venture capital funding.