Australia supported 9 agricultural technology startups to access the Vietnamese market
These startups aim to address the challenges associated with risks posed by climate change in Vietnam's crop, aquaculture and livestock sectors.

The Program to Promote Innovation and Investment in Agricultural Technology (GRAFT Challenge Vietnam 2021) has just announced that it has selected 9 foreign enterprises with innovative breakthrough agricultural technology solutions to deploy activities and support access to the Vietnamese market.

Nearly half of them are businesses founded or led by women.

The GRAFT program is part of the Aus4Innovation bilateral cooperation program signed in 2019 between the Australian Department of Foreign Affairs and Trade, the Commonwealth Scientific and Industrial Research Organization (CSIRO) and the Vietnamese Ministry of Science and Technology.

The program Organization Board said the participating startups came from 16 countries around the world, including Vietnam, the US, Israel, Australia, India and Thailand and Indonesia. All businesses are mature and growing in revenue, or have graduated from a global accelerator program and have raised funding.

GRAFT is organized to promote the testing of new models of public-private cooperation. Before calling for innovative solutions, the program collaborated with industry working groups, such as crop production, fisheries and animal husbandry, including leading agribusiness enterprises in Vietnam to identify the unique challenges they face.

Many of these challenges relate to the risks posed by climate change affecting production processes, the need to improve feed cost efficiency, reduce post-harvest losses and build consumer confidence.

In August of this, businesses selected will begin intensive support courses lasting 15 weeks. They will be connected and receive advice from a network of experts and advisors, who will provide detailed technical assessments of technology solutions when applied in the Vietnamese market.

The program will end with a field trip and a week-long cooperative connection with some agricultural corporations in the country.

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