Monsanto, Microsoft to Invest in Brazil

Agricultural powerhouse, Monsanto, and technology giants, Microsoft and Qualcomm, have formed a partnership in the form of a fund to invest in agricultural technology startups in Brazil.

The Brazilian investment fund was originally setup by Microsoft. Monsanto will be investing up to R$300 million, but the fund will continued to be managed by Microsoft. Monsanto will look for new digital tools that can be applied to agricultural production in the country.

The fund will initially chose ideas and provide up to R$1.5 million in funding for early development. The investment will have to be paid back to the fund or project owners will have to provide equity after three years.

For more read this article from the St. Louis Post-Dispatch Investment in Brazilian Agricultural Startups

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