Argentina is making moves to become a regional centre for agtech startups and innovation.
There are a few key ingredients to a successful startup ecosystem including high-quality entrepreneurs, an active investor community, startup support, and research resources. Also, key is a clear way for investors and entrepreneurs to exit their startups for a return, so the acquisition of two Argentinian agtech businesses this year hinted at the opportunity and potential for Argentina’s agtech sector.
Various organizations in the country are collaborating to make a concerted effort to promote Argentina’s strengths in agtech. AgTech Week in August, organized by the government’s Agencia Argentina de Inversiones y Comercio Internacional, together with investor groups, farmer associations, and entrepreneurs, started an important conversation with international delegates around how the country can foster ag innovation and attract investment.
“There is deep involvement from the government in agtech,” Federico Mayer, founder of Club AgTech, told AgFunderNews. “Without their support, we could still have organized all of the meetings we had during AgTech week, but they would have been isolated events. It would have been impossible to have all of them bounded at AgTech week.”
Read more about achievements and challenges of building an industry-specific startup ecosystem on agfundernews.com.