Australia to Fund AUD2M for Tech-based Innovation in Vietnam’s Agro Sector

Innovation Partnership Grants, a funding scheme under the Australian government’s Aus4Innovation program, will offer AUD2 million ($1.28 million) to sponsor tech-based innovation in Vietnam’s agriculture sector, state media reported.

In the fourth sponsorship round, selected projects will receive grants of AUD250,000-AUD700,000 on a competitive basis between Australian and Vietnamese projects. The awardees will have up to 24 months to implement their proposed activities.

With the theme “High Tech Innovation to Address Challenges in Agriculture for Sustainable Development,” this round targets ideas that apply technology to address challenges, such as improving productivity in production and processing, enhancing the use of resources in agriculture, developing domestic and export markets for agricultural products, contributing to climate change adaptation/mitigation and resilience, and ensuring benefits for disadvantaged groups.

Innovation Partnership Grants are a key element of the Aus4Innovation program, a ten-year flagship initiative worth AUD33.5 million since 2018, with a view to strengthening Vietnam’s innovation system towards inclusive and sustainable socio-economic development. (Nhan Dan, QDND, Dang Cong San, TBTCVN, Cong Thuong)