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Australia is on the cusp of an agricultural technology innovation boom, with entrepreneurs urged to submit startup ideas to reinvigorate and boost our $60 billion agriculture industry.

Financial advisory and accounting services provider Findex and the National Farmers' Federation last week announced the launch of a pre-accelerator program as part of a joint initiative called SproutX designed to collate startup ideas to nurture and commercialise the best ideas in food, fibre and agribusiness.