Following a competitive, open-tender process, Beanstalk AgTech were selected as the delivery partner for the Drought Resilience Commercialisation Initiative (the Initiative) and delivered this through their Drought Venture Studio.
The Initiative was a $10 million, 2-year pilot. It provided a challenge-oriented commercialisation service to drought resilience innovators with research, intellectual property (IP) or a new idea to build drought resilience, and provided commercialisation support to bring viable products and services to market.
The Initiative aimed to accelerate the availability of drought resilience tools for Australian farmers and farming communities.
The Initiative concluded in April 2026. An external, end-of-program evaluation will take place to help determine if the FDF should allocate additional funding in the future.
Opportunities for innovation
Guided by the most significant drought-related challenges facing Australian agriculture, as part of their Drought Venture Studio, Beanstalk Agtech selected almost 100 participants to undertake a program of early-stage venture creation.
Of these, 8 ventures with the best drought resilience innovations for Australian farmers were matched with an experienced Founder and received an additional year of dedicated commercialisation support.
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.
Funding Information - Drought Resilience Commercialisation Initiative
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