MONSANTO, MICROSOFT TO INVEST IN AGRICULTURAL TECHNOLOGY IN BRAZIL.
U.S. biotech company Monsanto and Microsoft announced on Monday a partnership to invest in agricultural technology startups in Brazil.
Monsanto will join a Brazilian investment fund with up to 300 million reais ($92 million), managed by Microsoft, evaluating ideas for new digital tools to be applied to agricultural production in the country, executives said.
Selected ideas will receive initial funding of up to 1.5 million reais ($459,000) for early development. Project owners will have the option to pay back the investment after three years or convert the money into equity.
"We want to foster new startups in the agricultural sector. There is a vast area for research and development," Rodrigo Santos, head of Monsanto in Latin America, told reporters on the sidelines of the Global Agribusiness Forum.
Technology company Qualcomm is also investing in the fund.
CNBC
Monsanto scientist inspecting corn plants
Follow us on Twitter - @akatechsolution / @smartdevicess
Leave a Comment
Popular Category Posts
-
Vivo X7 Expected features ... July 12, 2016.
-
ZTE Nubia Z11 Expected features ... July 11, 2016.
-
ZTE Axon 7 Expected features ... July 11, 2016.
-
BlackBerry Expected features ... July 02, 2016.
-
Siri features Expected Features ... July 01, 2016.
-
iPhone 7 Expected features ... July 04, 2016.
-
Phoenix... Nokia coming back... May 19, 2016.
-
Fitness tracker Expected Features... May 19, 2016.
Some Sources
-
Spotify says Apple won't approve a new version of its app. July 01, 2016.
-
The world's first luxury Android smartwatch. June 20, 2016
-
Samsung's new wireless headphones ... June 13, 2016
-
Apple New macOS Sierra Has Some New Features You're Go ... June 20, 2016.
-
Samsung S7 March 20, 2016
-
The 4 Biggest Announcements Apple Is... June 13, 2016
-
iPhone 7 rumor you shouldn't miss to see it. June 01, 2016
-
Sony xperia 2015 March 20, 2016
-
IPhone 6S Plus March 20, 2016
-
FBI vs Apple March 20, 2016
-
10 top trading smart-phones as of June. July 03, 2016
-
Facebook new multilingual. July 03, 2016
-
The sun is losing its spots and here's why ... July 04, 2016.
-
Samsung bendable smartphones coming soon. June 13, 2016
-
Ten top best 2015 smart phones. March 21, 2016
-
Souped-up trucks are coming to Anki Overdrive. June 11, 2016
-
Ten top 2015 laptops March 21, 2016
-
Samsung curve TV 2015 March 21, 2016
-
5 Inventions that will blow your mine. March 21, 2016
-
Mark Zuckerberg social media accounts have been hacked. June 07, 2016
-
.png)
Latest Call of Duty Infinite - Coming November 2016. May 19, 2016
AKATECH SOLUTIONS
Let Millions of People know about your Product(s) / Service(s)
Target a Specific Audience on different News Categories
Our Partners
"Making the simple complicated is commonplace; making the complicated simple, awesomely simple, that's creativity"
- Charles Mingus
