Frequently Asked Questions
Why should I apply to Cultiv8?
If you have an innovative Ag and Food Tech business and can benefit from access to researchers, labs, office space, farmers, funding, mentors, global corporates, potential customers and a community of passionate entrepreneurs then you should apply.
What types of companies does Cultiv8 look for?
We are looking for Ag and Food Technology focused businesses from around the world with innovative products and services. We are particularly interested in the following areas:
Big data and decision making
Logistics and waste management
Essentially we are looking at products and services that can increase productivity, efficiently and sustainably across the Ag and Food Tech industries
How do I apply for the accelerator?
Simply email email@example.com and provide details about yourself and your business and one of our representatives will be in touch.
What factors are most critical to be selected for the program?
Startups will be recommended and chosen for the Accelerator based on criteria including strong management; viability of the product; indications that they are commercially ready, compliant with applicable regulations, scalable and a perceived ability of Cultiv8 to add value.
What are the benefits provided within the Cultiv8 program?
Investment – We provide companies with an investment of up to $100,000 for an agreed equity stake.
Mentors – We link program participants up with 4-6 mentors from a range of backgrounds and provide a framework to maintain momentum.
Space – We provide free office space at the Global Ag-Tech Ecosystem or GATE, a custom built and designed facility in partnership with Australia’s largest of oldest Agricultural Research and Development organisation, the NSW Department of Primary Industry.
Legal Counsel – Our Partner, MinterEllison, one of the largest and oldest law firms in the Asia Pacific region will provide up to $15,000 of legal services.
Guidance sessions – Our team and partners provide group and one on one sessions covering a range of business skills like legal guidance, sales and marketing, investment, pitch coaching and global expansion. This includes specific sessions designed by KPMG specific for the Ag and Food Technology sectors.
DPI/GATE – The NSW Department of Primary Industries (DPI) in partnership with Sparklabs Cultiv8 are founding partners of the Global Ag-Tech Ecosystem or GATE, a purpose designed organisation to facilitate production and efficiency gains in the Agricultural sector. This relationship includes access to over 25 research stations (all to gain LoRaWAN capabilities) on over 13,000 hectares of agricultural trial sites across four climatic regions (temperate, sub-tropical, coastal and alpine). The DPI has 8 university affiliations, multiple Research and Development Corporation affiliations accounting for over $500 million in aggregate research projects. The DPI is Australia's largest and oldest Agricultural Research and Development organisation, operating since 1907 now with over 600 scientific researchers.
DemoDay – In October, each cohort will participate in Cultiv8’s DemoDay in Australia. The best of the best can qualify to participate in the world’s largest DemoDay in Seoul each December with over 2,000 people in attendance for the past three events.
Follow-on funding – The Founders and Partners of Sparklabs Cultiv8 have access to multiple channels of follow-on funding and a proven track record of raising capital for early stage companies.
Do you need to move to Orange to participate in the program?
If you are based in Australia, then it is ideal that you be part of that cohort in Orange, however we will have potential office space in most capital cities throughout Australia for project specific use. For International companies, this will be judged on a case-by-case basis depending on the specific requirements of that company and where Cultiv8 can best add value.
What networking opportunities will be provided during the program?
We have a range of one on one industry professionals from mentors, entrepreneurs, angel investors, legal experts, venture capitalists, agricultural experts and food technologists available for relevant discussions and support depending on your company needs.
What will happen to the information we provide Cultiv8?
The information we receive from your company will be treated as information available to the public. No information provided should be considered private and confidential, however we will not share any of your information to anyone outside the Sparklabs network. Should we require follow-up with your company, privacy of further sensitive information will be covered at that point in time.
Who will own the Intellectual Property created by our company during our participation in the Cultiv8 program?
You will. Any variation to this will be covered in a separate and specific project agreement between the relevant parties.