€20 million AgTech Fund (IAF) launched
Start-up and early stage AgTech companies seeking funding can apply for a new €20 million AgTech Fund (IAF).
The fund was launched by The Minister for Agriculture, Food and the Marine, Michael Creed on Wednesday, September 6.
“This investment by ISIF complements Government strategy set out in the Department of Agriculture, Food and the Marine (DAFM) Foodwise 2025 strategy and many years of investment by Government in agricultural research and innovation in Ireland,” said Minister Creed.
The fund is a partnership between the Ireland Strategic Investment Fund and California-based Finistere Ventures, a global AgTech venture pioneer.
The IAF will invest in start-up and early stage AgTech companies that can generate significant economic impact in the Irish Agriculture and Food sectors.
According to Finistere’s Kieran Furlong, the Ireland AgTech Fund partner wants Ireland to be the AgTech Island – a hub for European AgTech.
“All the ingredients are here – a longstanding, export-oriented Agri-Food industry; world-leading research at Irish universities and institutions such as Teagasc; and, of course, the thriving IT, biopharma and medtech sectors,” said Mr Furlong.
“AgTech is essentially the combination of all of these, so we see great potential for start-ups here.”
Entrepreneurs who are seeking funding for high-potential AgTech start-ups are encouraged to contact Finistere.
Applications can be made online here.