농식품 모태펀드, 정기출자 6곳 선정…총 698억원 결성

The dramatic decline in applicant competition (from 3.7x to 1.4x) reveals that reduced government co-investment rates and limited exit pathways (IPO, tech listing) are eroding venture capital's returns and participation in agritech funds. The complete absence of applications for smart agriculture, despite its strategic importance, highlights a critical disconnect between government policy priorities and market incentives in the agricultural technology sector.