Monsanto will work with Microsoft to invest in agricultural technology in Brazil

11th July, 2016

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.

After evaluation, the agricultural technology company 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.

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