A NEW suite of initiatives to support more innovation in the AgTech sector by LaunchVic and Agriculture Victoria announced last week will invest up to $200,000 into at least five early-stage startups in the next 12 months.

The $1 million Hugh Victor McKay Fund, is now open for applications and is named after the pioneering Victorian inventor who patented the original combine harvester in the 1880s - widely credited as one of the most important agricultural innovations in recent history.