Brazil 2020/21 Agtech Radar: Number of agritechs up 40% over 2019

RIO DE JANEIRO, BRAZIL – A survey prepared by EMBRAPA (Brazilian Agricultural Research Company) in partnership with SP Ventures and Homo Ludens Research and Consulting, mapped the number of active agritechs in Brazil.

The study titled “Radar Agtech Brasil 2020/2021” found that since 2019, the number of agribusiness technology startups has grown by 40%.

With an official release scheduled for Friday, May 28, the document estimates that approximately 1,574 agritechs are active nationwide, 48% of which located in the state of São Paulo.

The updated version of the Radar Agtech Brasil study will also disclose an unprecedented survey that can help startups find “incubation, acceleration and investment opportunities”. According to the survey, 78 institutions invested in and supported 223 Brazilian agritechs during 2020. Of this total, 138 startups that contributed financial resources are from São Paulo.

“The data from the Brazil 2020/2021 Agtech Radar shows that, although the traditional centers are still in the lead, the culture of entrepreneurship and innovation is strongly reaching new locations. We identified 316 cities with agritechs, and 26 cities have an ecosystem with 10 or more agritechs,” explains Luiz Ojima Sakuda, one of the study’s coordinators and partner at Homo Ludens.

According to the infographic released by EMBRAPA, only two states lack agritechs: Roraima and Rondônia, both in the North region, where only 2% of agritechs are located.

All of the Brazil 2020/2021 Agtech Radar data will be available after the mapping is officially released. This includes details on the activity and category segment – before, inside and beyond the farm gate – of all agtechs, which include interactive infographics.

“This enables users to quickly and easily visualize and locate a startup of their interest, as well as allowing a panoramic view of the entire set of data collected and analyzed,” says José Marconcini, head of R&D at EMBRAPA Instrumentação.

According to Shalon Silva, coordinator of EMBRAPA’s work, the study found that “most startups that operate outside the farm are focused on the area of fertilizers, innoculants and plant nutrition. Inside the farm gate, the focus is on rural property management systems, and beyond the farm gate, the focus is on innovative foods and food trends.”

EMBRAPA has also signaled that other surveys and analyses based on the Brazil Agtech Radar will be conducted later this year, focusing on ESG (Environmental, Social and Governance) impacts generated by companies.

Source: Forbes