The AgriFutures™ Emerging Industries Program focuses on R&D to support the emergence of agricultural industries that can reach or exceed a $10 million per annum threshold in the next five years.
To meet the ambitious goal, the program is calling for businesses and representative organisations involved in emerging industries to submit R&D priorities to identify areas of potential R&D investment.
AgriFutures Australia Program Manager, Research & Innovation, Duncan Farquhar said the EOI is an exciting opportunity to uncover R&D challenges and opportunities that, if addressed, can drive the future prosperity of new industries.
“We are seeking applicants who can demonstrate a clear path to growing their industry to $10 million and beyond. This is an opportunity for industries or businesses to identify their R&D priorities which will help achieve their goals,” said Mr Farquhar.
Two projects commissioned as part of the AgriFutures™ Emerging Industries Program have offered a short-list of new and emerging industries tipped to be the ‘next big thing’. Applicants are encouraged to familiarise themselves with the findings to understand where R&D investment might be sought.
