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The Technology Investment Network (TIN) report for 2020 indicates there was growth across all parts of the sector, including the number of start-ups, export revenue, spending on research and development, and investment across all business types.
The top 22 agritech companies generated $1.4 billion in revenue.
Most of the new early stage companies offered information and communication technology, with a growing number offering biotech products.
Venture capital investment rose 13 percent to $127 million, while angel investment rose 48 percent to $160m.
The total value of exports rose 7.5 percent or $54.9m to $790.4m, which contributed just over half to the overall sector s exports.
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