HANOI, VIETNAM – 13 April 2021 – The GRAFT Challenge Vietnam 2021, which launched today, promises to pair leading AgriTech entrepreneurs with customers, partners, and scale-up resources in Vietnam’s fast-growing agrifood sector.
Proudly sponsored by Aus4Innovation under Australia’s Department for Foreign Affairs & Trade, the program will support entrepreneurs from across the globe to solve the most pressing challenges facing Vietnam’s agri-food sector, including enhancing access to quality production inputs, reducing post-harvest losses, building consumer trust, and addressing specific challenges in crops and plantations, fisheries and aquaculture, and livestock sectors. GRAFT articulated these needs in partnership with industry leaders such as Sao Thai Duong JSC, Minh Phu Seafood Corporation, NIC Group, Beacon Fund, Camimex Group, Hung Nhon Group, etc.
The GRAFT Vietnam Challenge seeks AgriTech solutions from mature international and Vietnamese AgriTech innovators with validated, ready-to-scale solutions. Applicants must document how their solutions can address the identified industry needs while generating positive community impact and contributing to the sustainable growth of Vietnam’s agrifood sector. The online application period closes 14 May 2021.
Challenge organizers will select as many as nine of the most promising solutions to take part in a 12-15 week program of scale-up support, including bespoke consultations from a curated network of in-market experts. Selected entrepreneurs will also engage with agrifood sector leaders, investors, and market enablers to develop partnerships and validate technology before participating in intensive in-market roadshows and customized business matching.
“The GRAFT Challenge Vietnam 2021 is a first of its kind. It is a fast track for fast–growing tech entrepreneurs to access customers and partners in one of the world’s fastest changing markets,” explained Phan Quang Vinh, Director of MBI Innovation.
Mr. Nguyen Duc Tung, General Secretary, Vietnam Digital Agriculture Association (VIDA) noted: “Vietnam’s resilience to the COVID-19 pandemic and status as an agriculture export powerhouse gives it considerable growth potential. However, the country requires transformative solutions to capitalize on its opportunity. Through the GRAFT Challenge, VIDA wants to create an enabling ecosystem for AgriTech.”
“The GRAFT Challenge Vietnam 2021 is laser-focused on generating meaningful partnerships between Vietnam’s leading agribusinesses and transformative solution providers to generate real value across the agri-food value chain, and to strengthen in country’s agri innovation ecosystem at large,” shared Justin Ahmed, GRAFT Program Lead.
GRAFT is implemented under the framework of the Aus4Innovation Program between the Australian Government and the Government of Vietnam to contribute to promoting the testing of new models in public-private partnerships, and strengthening Vietnam’s capacity in digital, scenario building, commercialization, and innovation policy. In 2021, GRAFT Challenge Vietnam 2021 is organized by Australian innovation agency Beanstalk in partnership with the Vietnam Digital Agriculture Association (VIDA), the Vietnam National Supporting Center for Youth’s Start-up (SYS), and MBI Innovation. The program is proudly sponsored by Aus4Innovation under Australia’s Department for Foreign Affairs & Trade, the Commonwealth Scientific and Industrial Research Organization (CSIRO), and the Vietnam Ministry of Science and Technology (MOST).
About Aus4Innovation: Aus4Innovation is an AUD $11 million development assistance program that aims to strengthen Vietnam’s innovation system, prepare for and embrace opportunities associated with Industry 4.0, and help shape Vietnam’s innovation agenda in science and technology. Through the Aus4Innovation program, Australia and Vietnam will together explore emerging areas of technology and digital transformation, trial new models for partnerships between public and private sector institutions, and strengthen Vietnamese capability in digital foresight, scenario planning, commercialisation, and innovation policy.
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