
The Fund aligns with Primary Industries Prosper 2050, Queensland’s 25-year blueprint to build a better future for primary industries, and its goal to boost primary production output to $30 billion by 2030. Photo source: QIC
The Government has unveiled a $30 million fund aimed at accelerating agricultural innovation across Queensland, as part of a broader push to grow the State’s primary industries sector to $30 billion by 2030.
The Sowing the Seeds of Farming Innovation Fund will support agri-innovators developing cutting-edge technology for on-farm use, with a focus on boosting productivity, profitability and sustainability. Delivered in partnership with the Queensland Investment Corporation, the fund is expected to fast-track new technologies from concept to application while attracting private investment.
The initiative forms part of the Government’s broader economic agenda, positioning innovation as a key driver of long-term competitiveness, while also being framed against claims the sector experienced declining support over the past decade.
Minister for Primary Industries Tony Perrett said innovation would be critical to the future of farming.
"Sowing the Seeds of Farming Innovation Fund is a game changer for the future of farming because it will deliver the next generation of AgTech to boost on-farm productivity and profitability,” he said.
“We’ve heard loud and clear from industry there’s no shortage of innovation in Queensland, but what’s needed is stronger commercialisation pathways, and greater investment in practical technologies and this election commitment delivers that."
Treasurer David Janetzki said the fund would strengthen value chains and support long-term growth.
“These targeted investments will not only strengthen Queensland’s primary industry value chains but also position our State's long-term success including global recognition for its practical innovation,” he said.
Industry groups have welcomed the move, with Queensland Farmers’ Federation CEO Jo Sheppard stressing the importance of getting innovation onto farms quickly.
“It’s critical that we move practical innovations out of the lab and into the paddock, where they can deliver real productivity gains for Queensland producers,” Ms Sheppard said.
Businesses can submit expressions of interest through the Queensland Investment Corporation website, https://www.qic.com/Sowing-the-Seeds.