The Visa Foundation and Village Capital – the world’s largest organization to support early stage startups – announced the 20 startups selected for their Future of Food in Latin America 2021 program.
We were looking for entrepreneurs who set up high-growth projects in the fields of agricultural technology and food technology, and we received 117 applications from 15 countries in the region such as: Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, Ecuador, El Salvador, Guatemala, Mexico, Panama, Paraguay, Peru, St. Lucia and Uruguay.
These are the selected activities:
Agros (Piura, Peru) creates virtual identities for farmers who cannot validate their business and gives them access to services that are otherwise not available to them.
Bio Natural Solutions (Lima, Peru) reuses leftovers from tropical fruits to develop a safe and natural protection for fruits and vegetables that doubles their shelf life and is 100% free of toxins.
Ciencia Pura (Santiago, Chile) improves field productivity with software (IoT) that illuminates plants during their various growth stages when natural light is insufficient.
ClearLeaf (San José, Costa Rica) makes a natural and completely non-toxic fungicide that improves plant growth and reduces health risks for farmers and consumers.
Costa Rica Insect Company (Cartago, Costa Rica) develops insect-based nutritional solutions with 0% waste that address food shortages and malnutrition. Uses 90% less water and space than current animal protein solutions.
Digital Twin Corporation (Guatemala, Guatemala) helps farmers make decision-making through predictive information generated by their prototype IoT platform, which uses fruit-shaped devices to travel alongside real fruits in the supply chain to capture information.
Done Properly Co (Santiago, Chile) uses microorganisms and fermentation technology to convert raw materials and obtain 100% natural and sustainable protein.
Faba (São Leopoldo, Brazil) extracts protein from chickpeas in a sustainable way.
Fotortec (Santiago, Chile) converts agricultural residues into mushrooms that can be used in various industries, for example as flavor and protein enhancers in the food industry.
Guru Inc (Rodney Bay, St. Lucia) operates a digital marketplace that helps farmers align their production with future demand.
ManejeBem (Florianópolis, Brazil) offers “Manejechat”, an application that helps smallholder farmers to communicate with technicians in order to solve problems that may arise during the harvest.
Plant Squad (Mexico City, Mexico) develops plant-based protein with a balanced diet and environmental awareness.
Rit (Santiago, Chile) runs a digital market that sells food waste from local restaurants at a reduced price.
Savetic (Buenos Aires, Argentina) develops software that tracks supermarket products to analyze data and predict trends to reduce waste.
SensaIOTech (São Paulo, Brazil) operates a platform that monitors crops and collects information to identify and predict pests.
Sensix (Minas Gerais, Brazil) uses drones and artificial intelligence to map soil fertility and other information to improve decision-making and predict productivity.
SiembraCo (Bogotá, Colombia) enables its users, usually restaurants, to buy the virtual equivalent of a plot of land managed by local farmers where they can harvest what they consume and eliminate middlemen.
Suyana (Santiago, Chile) offers weather insurance against catastrophic agricultural risks in locations where little historical information is available.
The Earth Says (Santiago, Chile) analyzes pollinator frequency in real time to increase crop yields.
UrbanaGrow (Santiago, Chile) creates modular farms that can be placed anywhere to grow vegetables at any time of the year.
Participating entrepreneurs will benefit from Village Capital’s experience, which includes connections and personalized mentoring with prospects, investors and industry experts. In addition, two projects (from each of the two cohorts) will be selected from among the participants to receive US $ 20,000 in grants to support their operations.
The startups selected have an impact on farmers’ livelihoods, feed a growing population, prevent food waste and boost agricultural productivity.