Applications opening soon
Applications for innovators with research or IP to increase drought resilience in Australian agriculture will be open for the 4th and final cohort of the Drought Venture Studio from June 2025.
Successful innovators will receive hands-on commercialisation coaching and mentoring of their ventures, a custom commercialisation pathway and funding for further brand, legal or operational support.
Register your interest now to be part of the Drought Venture Studio, delivered by Beanstalk Agtech and supported by the Future Drought Fund.
Learn more at the Drought Venture Studio page
Following a competitive, open-tender process, Beanstalk AgTech were selected as the delivery partner for the Drought Resilience Commercialisation Initiative (the Initiative) and will deliver this through their Drought Venture Studio.
The Initiative is a $10 million, 2-year pilot. It will provide a challenge-oriented commercialisation service to drought resilience innovators with research, intellectual property (IP) or a new idea to build drought resilience, and provide commercialisation support to bring viable products and services to market.
The aim of the Initiative is to accelerate the availability of drought resilience tools for Australian farmers and farming communities.
Innovator opportunity
Guided by the most significant drought-related challenges facing Australian agriculture, as part of their Drought Venture Studio, Beanstalk Agtech will select almost 100 participants over two years to undertake a 90-day program of early-stage venture creation.
Eight ventures with the best drought resilience innovations for Australian farmers will finally receive one year of dedicated support and be matched with an experienced Founder for commercialisation.
Beanstalk AgTech are again seeking expressions of interest from researchers, entrepreneurs and any other innovators with research or IP that can underpin new drought resilience products and services for Australian farmers.
The successful innovators from Rounds 1 and 2 have now been selected.
More information can be found on the Drought Venture Studio website.
Funding information
Find details of the payment information for the Drought Resilience Commercialisation Initiative, as required under Section 27A of the Future Drought Fund Act 2019 below.
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Funding Information - Drought Resilience Commercialisation Initiative (PDF 192 KB)
Funding Information - Drought Resilience Commercialisation Initiative (DOCX 179 KB)
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