SCALE UP OR TRANSFORM YOUR BUSINESS WITH DEEP INDUSTRY CONNECTIONS
Startups, scale ups and established businesses in ag tech, wine tech and tourism tech can benefit from our programs. Expert facilitators, industry mentors and investors will help you refine your business model, grow with customer connections and become investment or project ready. Our programs are a blended model of in-person and online, so you are invited to join from wherever you are in the world.
Startups, scale ups and established businesses in ag tech, wine tech and tourism tech can benefit from our programs. Expert facilitators, industry mentors and investors will help you refine your business model, grow with customer connections and become investment or project ready. Our programs are a blended model of in-person and online, so you are invited to join from wherever you are in the world.
Our acceleration model is one of Venture Client, not Venture Capital - by participating in the FOMENT Acceleration Program we invest expertise into improving both your business model and your offering. But the most valuable investment we make is in helping you build your customer base by connecting you directly with the wine and/or tourism industry.
Ready to get started?
Ready to get started?
Global live and virtual participation
FOMENT is the first tech Accelerator Program in the viticulture, wine and tourism sectors to have a global reach. 2022 is the third year we run the program in a blended virtual and in-person format, and the previous learnings are invaluable to make it truly unique. Joining from outside Australia? We have designed the program to make it accessible for time zones across the globe. |
Industry Immersion
Industry immersion in South Australian wine and tourism, in one of the Great Wine Capitals of the World. During your time in the accelerator, we will take you deep into one of Australia's premier wine and tourism regions, learning directly from key figures in the wine and tourism sectors. |
Diversity of experiences
You will be with us for over six weeks, which equates to approximately 50 hours of workshops, two hours of advisory boards, four hours of mentor sessions, four hours of one-on-one coaching, 24 hours of visits to industry sites, and more. You can also use Flinders University's prototyping facilities and expertise. |
More than acceleration
FOMENT is also about technology adoption. We facilitate this by having industry partners help participants identify and connect to key customers in the Australian and global viticulture, wine and tourism industries. |
Guest speakers
Guest speakers on specific topics, which may include: value proposition, customer experience, digital marketing, industry 4.0/5.0, growth hacking, legal/IP and valuation/term sheets/ investment contracts. |
WHERE DO WE NEED INNOVATIVE TECH FOR VITICULTURE, WINE AND TOURISM?
We've worked hard to understand the areas where technology can help the wine and tourism industries.
Based on our research with people working in and working on wine and tourism projects in Australia and
internationally, this list is an overview of what viticulture, wine and tourism are looking to gain from tech
in the future.
Grape and wine industry opportunities and challenges:
Tourism industry opportunities and challenges:
We've worked hard to understand the areas where technology can help the wine and tourism industries.
Based on our research with people working in and working on wine and tourism projects in Australia and
internationally, this list is an overview of what viticulture, wine and tourism are looking to gain from tech
in the future.
Grape and wine industry opportunities and challenges:
- Best practice scheduling of irrigation
- Spray diary solutions
- Region x variety yield forecasts
- Country-wide vineyard mapping
- Rapid smoke exposure diagnostics
- Smoke taint remediation for grapes and/or wine
- Sector-wide carbon emissions benchmarking or solutions for carbon emissions reduction
- Sector-wide waste production benchmarking or solutions for waste reduction
- Wireless digital connectivity in wineries / move data around wineries wirelessly without interference
- Non-chemical weed and disease management for vineyards
- Autonomous vineyard solutions
- Objective measures of quality in fruit and wine
- Process monitoring in wineries with tools to action the data in real time
- Vintage compression solutions
- Labour shortage and management solutions
Tourism industry opportunities and challenges:
- Cultural tourism & storytelling
- Labour shortages
- Customer acquisition
- Innovative, immersive and/or interactive visitor experiences
- End-to-end user experiences
- ‘Try before you buy’ marketing approaches
- Personalised experiences
- Artistic & creative industries tourism
- Customer data collection - consolidating & creating value from multiple systems (loyalty clubs, booking systems, ecommerce, etc)
FOMENT PATHWAYS
We have created flexible program pathways to best suit your business needs and time commitment.
The full Accelerator model (including growth coaching and immersion)
TIME COMMITMENT:
Intensive 6 week program run in February and March 2023. OVERVIEW: Take a hard review of your business in every aspect and make strategic growth decisions with the help of coaching industry experts. CONTENT: The full Accelerator Program will tackle the real aspects of your business from your business model, your value proposition, your selling channels and your customer relationships all the way to your business financials, funding avenues, start up marketing and involvement in Industry 4.0. Each week of the program, you will spend 2 days gaining knowledge from industry professionals as a cohort and then 3 days working on your business with one-on-one coaching from our facilitators and industry mentors who are matched to your business' specific needs. You will also get introductions and meetings with potential clients. Mid-program, deep dive into one of Australia’s premier wine and tourism regions where we will partake in a regional immersion, helping you get to know the industry. The accelerator wraps up with an industry and investor pitch competition. COST: A$ 3,500 + GST |
Coaching Packages
TIME COMMITMENT:
Flexible delivery over a 6-month period according to your business needs. OVERVIEW: One-on-one sessions with our facilitators and industry experts focusing on your specific needs. CONTENT: Choose one option between: - Investment-ready: this coaching will focus on your revenue model, your P&L cashflow, pitching to investors, understanding business valuation and pitching financials. - Customer Traction: focus on sales and targeting resources, customer targeting channels and segments, UVP and customer pitching, social media reputation review and growth hacking metrics. - Migrant Entrepreneur: learn about the specific needs of the South Australian viti, wine and industry sector and build local connections. COST: A$ 1,800 + GST |
Regional Immersion
TIME COMMITMENT:
2-3 full days in February / March 2023. OVERVIEW: Our annual regional immersion will connect you with leading producers in some of Australia's premier wine regions. CONTENT: Exclusive guided visits to producers and industry players in South Australia, where you will have the opportunity to engage directly with them and gather insider knowledge of the sector. COST: A$ 1,000 + GST Included in Full Accelerator and Incubator programs |
Incubator Program
TIME COMMITMENT:
Flexible / Ongoing OVERVIEW: Mentoring, training, and industry connections to support teams who want to develop innovative products and services in the viti and wine tech space. Accredited higher education pathway. CONTENT: Mentoring and coaching group, events, pitches, briefings, meetups, immersions and demos. Options for co-location with wine business. COST: A$ 4,500 + GST (additional fees apply for higher education qualification) |
APPLY FOR FOMENT
If you're interested in becoming a FOMENT participant in the next accelerator program, coaching, immersion or incubator pathways, send us an Expression of Interest using the link below.
Support FOMENT. Spread the word!
Want to share the opportunity with founders or businesses who would do amazing things with FOMENT? We've put together a brochure to help you tell people in your network about the new FOMENT pathways. |
FOMENT NEWS AND EVENTS
Make sure you're following us on our socials. We regularly post updates from our alumni network, mentors, industry connections and much more.
Make sure you're following us on our socials. We regularly post updates from our alumni network, mentors, industry connections and much more.
Watch the recording of the FOMENT Accelerator Pitch Event held on March 15 2023. Our latest cohort and some alumni showcased their game-changing ideas in the fields of viticulture, wine, and tourism technology. Get an inside look at the latest advancements in the wine industry, from grape to glass, and see who took out the Jury and People's Choice Awards!
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