BayWa promotes agricultural start-ups
From automation engineering to urban farming: 265 start-ups from 61 countries followed the call of the Agro Innovation Lab and applied for the Acceleration Programme 2017.
Agro Innovation Lab GmbH (AIL) is a joint innovation platform spearheaded by BayWa AG and RWA Raiffeisen Ware Austria AG. AIL’s mission is to make new innovations accessible to the agricultural sector. The company’s activities centre on launching and managing start-up acceleration programmes to support up-and-coming enterprises in the development of their products and in gaining a successful foothold in the market.
“We are proud that Agro Innovation Lab’s 2017 programme has once again attracted such widespread international attention. This year, a hundred more start-ups submitted ideas to us than last year. This shows that we have our finger on the pulse with our ideas and that there is a great deal of potential for innovation in the agricultural sector,” says Reinhard Bauer, CEO of Agro Innovation Lab.
The best start-ups and their innovative product ideas, services and business models for the agricultural sector were selected during the initiative’s finalist days and an on-boarding phase during summer. Six start-ups will participate in the five month acceleration programme starting in September 2017. It offers the selected participants access to BayWa and RWA’s international network, support in the development of the concepts they submitted. Mentoring, workshops and trials will help the start-ups to further define their business and hit the ground running. The six selected business models focus on a wide range of different agricultural issues, from technologies for livestock farming and measures for the targeted use of operating resources to innovative agricultural platforms. Sustainability matters to the start-ups as well as to the Agro Innovation Lab. Many innovations target efficiency increase or resource savings – thereby they have potential to decrease emissions or the resource use.
Innovations are an important element of a sustainable future. Many innovations make accurate calculation and use of resources possible, thus reduce the consumption. The Agro Innovation Lab promotes agricultural startups and therefore encourages a sustainable agricultural development.
For more information on the activities of the Agro Innovation Lab and the six selected startups click on: www.agroinnovationlab.com