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The primary AgriTech touchdown pad program offers entrepreneurs 1-on-1 tailor-made help in a Vietnamese market hungry for transformative options.
Each Vietnamese farmers and customers will profit from agricultural expertise which is offered by quite a lot of worldwide main AgriTech innovators, serving to deal with Vietnam’s most urgent challenges in agriculture.
AgriTech innovators assist deal with challenges in three essential agricultural fields in Vietnam: livestock, crops and plantations, fisheries and aquaculture.
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Mature AgriTech entrepreneurs from all over the world scaling up into Vietnam are tasked with lowering post-harvest losses and constructing shopper belief within the nation having roughly 70% of individuals working in agriculture.
AgriTech innovators will present options to form the way forward for agriculture in Vietnam, Mekong area and past in a touchdown pad program known as “GRAFT”, which is sponsored by Australia’s Aus4Innovation program to contribute to selling the testing of recent fashions in public-private partnerships, and strengthen Vietnam’s capability in digital, situation constructing, commercialization, and innovation coverage.
GRAFT offers entrepreneurs tailor-made help in three essential fields particularly crops and plantations, fisheries and aquaculture, and livestock.
This system is aimed to reinforce entry to high quality manufacturing inputs because it argues that Vietnamese farmers, particularly ladies, want improved entry to inexpensive and high-quality manufacturing inputs to make sure farm profitability and sustainability.
It’s anticipated to scale back post-harvest losses for the truth that farmers want efficient storage and chilly chain logistic options to take care of high quality of output from farm-gate to processing and/or retail channels. That is essential to restrict worth danger, guarantee sustainability of downstream contracts, and safe provide of meals and agri firms downstream.
The final however not least, it builds shopper belief. In actuality, meals and agribusiness firms want options to supply customers with larger confidence within the ranges of security and high quality promised throughout their meals provide chains. That is essential to strengthen the trade’s shopper and customer-facing popularity.
AgriTech innovators in Australia-supported GRAFT Problem Vietnam.
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Distinguished innovators
A lot of home and international innovators have been chosen to deal with actual trade challenges in partnership with Vietnam’s agrifood leaders. They’re distinguished entrepreneurs chosen within the GRAFT Problem Vietnam 2021, together with Tepbac from Vietnam, Indian AgNext and Cropin, Indonesian Koltiva and JalaTech, Thai ListenField, Australian Hillridge, Israeli Sufresca, and US EveryPig.
The Hanoi Occasions talked with representatives of the agrotechnology companies to see how their options matter to Vietnam’s agricultural challenges.
AgNext Applied sciences, an Indian agritech startup based in 2016 by entrepreneur Taranjeet Singh Bhamra with the mission to construct belief and transparency within the agriculture worth chain, digitizes meals high quality assessments with a set of end-to-end high quality administration options.
AgNext now receives 1-on-1 tailor-made strategic, advisory, and operational help from the GRAFT workforce to scale into the Vietnamese market, the place it should deal with profound agricultural sector challenges reminiscent of managing manufacturing dangers, bettering feed-cost effectivity, and lowering post-harvest losses.
“Agriculture is a robust pillar of Vietnam’s economic system. With the burgeoning technology-driven interventions throughout pre- and post-harvest area, the agriculture sector in Vietnam is on the cusp of digital transformation,” mentioned AgNext Chief Expertise Officer (CTO) Subrat Panda.
He anticipated that within the subsequent three years, the corporate would obtain $5-10 million in annual recurring income (ARR) for Vietnam.
Cropin, an Indian agency introduced its resolution to 7 million farmers in 56 international locations, has constructed and executed on a Vietnam-specific-go-to-market technique to deliver its options to Vietnam’s espresso sector: participating strategic companions for business trials, initiating discussions with native fit-for-purpose expertise companions, and constructing native advertising and marketing capabilities.
By means of its hyperlinks with the Vietnam Espresso-Cocoa Affiliation (VICOFA), GRAFT reached out to native producers to debate partnerships with Cropin. GRAFT then related Cropin with established agribusinesses who agreed to accomplice with the corporate to conduct proof-of-concept trials on Vietnamese farms.
“It is extremely fascinating to see how the GRAFT program can perceive native market necessities and join excellent AgriTech entrepreneurs with customers, companions, and scale-up sources. Cropin was in a position to develop Vietnam-specific options on account of this,” shares Arjun Dutta, Gross sales Director, Asia Pacific of Cropin Expertise.
Koltiva, is an Indonesian agency well-known for creating tailored software program options for rural farmers and multinational firms, working in 30 international locations and greater than 400,000 farmers and producers registered for his or her providers.
The primary problem that Koltiva got down to sort out is one that’s acquainted to Vietnamese farmers: the issue for smallholders to entry funding sources attributable to an underdeveloped rural monetary providers infrastructure the place lenders have restricted visibility to handle credit score danger.
The answer to this problem lies in Koltiva’s latest product: KoltiPay, an e-wallet that comes with the same old advantages of cashless funds whereas complementing current fee choices in rural areas via a split-payment technique. KoltiPay affords larger fee transparency whereas supporting the next entry of different Koltiva merchandise in Vietnam.
“Vietnam has been on our agenda for fairly some time attributable to its proximity and similarity to Indonesia”, shares Muhammad Fadli Borer, Key Account Supervisor of Koltiva for Southeast Asia. “We purpose to complete adaptation of our proprietary software program options over the approaching months and to supply our services and products to Vietnamese firms and its multinational consumers inside the first semester of 2022.”
ListenField, a Thailand-based Goal-built digital innovation supplier to greater than 30,000 farmers in Thailand, Japan, and the US, assist Vietnam farms adapt to local weather change by contributing to useful resource degradation and lagging agricultural productiveness in Vietnam.
After a interval of analysis and exploration, GRAFT and ListenField recognized Vietnam rice, banana, corn, sugar, and cassava farms as the best beneficiaries of ListenField’s platform.
“We’re aiming to assist reduce working prices [for agricultural businesses] with our multispectral imaginative and prescient and our proprietary expertise by not lower than 20% within the first 12 months,” mentioned ListenField co-founder Rassarin Chinnachodteeranun. “And we’ll preserve bettering our expertise and partnerships to be sure that we deliver actual worth to our prospects in Vietnam.”
Tepbac, is the one Vietnamese agency chosen to the ultimate cohorts of the GRAFT Problem Vietnam 2021. Its IoT revolution to shrimp farms all through Vietnam turns into useful as shrimp merchandise account for 50% of the nation’s $8.8 billion price of seafood exports in 2021.
The Vietnamese agritech firm affords IoT options to enhance operational effectivity, water high quality management, and traceability in aquacultural enterprises, offering options to greater than 1,500 shrimp farmers in Vietnam.
“Our mission is to make use of IoT and large knowledge platforms to scale back prices, scale back air pollution, safe traceability and resolve different sensible issues arising within the aquaculture trade with the intention to optimize the worth chain of Vietnamese aquaculture,” mentioned Tepbac’s founder Tran Duy Phong.
“With technical and networking help from the GRAFT workforce, Tepbac has been extra strategically engaged in shaping shrimp farming fashions of various scales. Tepbac’s maturity proves that GRAFT has chosen acceptable, efficient and sensible options in order that not solely Tepbac, however present and future prospects of Tepbac are additionally getting the advantages,” shared Nguyen Duc Tung, Senior Technical Advisor from GRAFT Problem Vietnam.
Tepbac, the one Vietnamese agency chosen within the last cohorts of this system.
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Hanoi Occasions
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