Aus4Innovation provides financial assistance for agriculture sector

Aus4Innovation provides financial assistance for agriculture sector

Aus4Innovation has pledged to continue to provide financial assistance for innovations that tackle climate change across Vietnam’s agriculture sector.

Aus4Innovation, on May 13, announced the fifth round of its Innovation Partnership Grants with up to AUD2 million ($1.29 million) in financial support, showing an effort to foster innovation in agriculture between Australia in Vietnam.

This grant places a strong emphasis on harnessing technology to combat climate change impacts within the agricultural domain.

The grant commits to providing financial assistance ranging from AUD 300,000-700,000 ($194.3-453.4) on a competitive basis, supporting dynamic partnerships between Australian and Vietnamese organisations that are at the forefront of agricultural innovation. In the four previous rounds, the grants scheme has supported twelve projects to completion, with an additional three projects underway, demonstrating tangible results and progressive innovation in agricultural practices.

“Australia is committed to supporting Vietnam’s economic growth, and innovation in agriculture is a vital part of this,” said H.E. Gillian Bird, Australian Ambassador to Vietnam. "Through these grants, we aim to advance Vietnam’s agricultural sector by addressing the pressing challenges of climate change and supporting sustainable and inclusive development."

Echoing this sentiment, Vietnam’s Deputy Minister of Science and Technology Bui The Duy, remarked, “This meaningful support from Aus4Innovation will enable Vietnamese researchers, innovators, and industry leaders to push the boundaries of technology, turning their innovative ideas into tangible solutions ready for broader application. This collaboration is a stride towards resilience and sustainability in our agricultural practices, tailored to grasp the opportunities that technology and innovation bring.”

VIR