12/12/2016 14h56

Number of agribusiness startups grows eightfold

Valor Internacional

Digital entrepeneurship is advancing to the Brazilian agribusiness: the country now has at least 76 startups working to develop technologies that can solve farm bottlenecks, from only 9 five years ago. The figures were disclosed by the first AgTech Startups Brasil Census, conducted by Esalq/USP and AgTech Garage. The survey's organizers warn that there could be more companies, due to the absence of scientific methodology in the search. The companies are small — 44% have four to five employees, mostly aged 31 to 40 years. Over half, or 55.4% still don't generate revenue, while 18.9% earn up to R%50,000 a year, 12.2% earn over R$300,000.