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GESTORA DE RECURSOS S.A. ("SP Ventures"). Its content is destined solely to the
recipient and may not be copied, reproduced, forwarded or made available in
physical, virtual or verbal form, to any third party, in whole or in part, without
the prior written consent of SP Ventures.
We invest in tech intensive opportunities
Low competition for deals
what we do
Early-stage focus
Few specialized investors in Brazil
Regional expertise
Local entrepreneurial ecosystem
Hands-on approach
We get down & dirty with our entrepreneurs
Management team of entrepreneurs
We walk the talk
Track-record | Criatec I Portfolio
agtech
multi-sectorial
Started sector-agnostic. Finished up highly specialized in agtech, B2B IT and medtech
Towards 2050
TOWARDS 2050
Facing Food Scarcity
The Global Farm Agtech
The Global Food Challenge
The Food and Agriculture Organization of the United Nations (FAO) estimates global population will grow by 35% until 2050, reaching
9.7 bn inhabitants by then. This expansion translates into 70% required growth in food supply from current levels. As available arable
land per capita declines, the required food growth has to come from yield.
Climate Change
Climate change will threaten food and water supply for billions of people. With the temperature increasing and precipitation
fluctuations, water availability and crop production are forecasted to decrease in the future.
Water Crisis
Water scarcity, which already affects one in three people on Earth, is set to increase in magnitude and scope as the global population
grows, increasing affluence drives up demand, and the climate changes. Agriculture accounts for about 70 percent of the freshwater
withdrawals in the world and is usually seen as the main factor behind the increasing scarcity of freshwater.
4TOWARDS 2050 - Facing Food Scarcity
5The Global Food Challenge
A third more mouths to feed
Producing 70% more food for an additional 2.3 billion people by 2050 while at the same time combating
poverty and hunger, using scarce natural resources more efficiently and adapting to climate change are the
main challenges world agriculture will face in the coming decades.
Jacques Diouf, Director-General of FAO
“The combined effect of
population growth, strong income
growth and urbanization, with the
associated shifts in diet structures
towards more nutritious and
higher quality foods, is expected
to result in almost the doubling of
demand for food, feed and fibre.”
Productivity improvement is critical as
available land per capta declines and
dietary habits change within
developing nations
World’s population by 2050
Yield improvement required to meet
food necessities by then
The proportion of grain consumed in
China that was imported (2015)
3050
kcal
Average daily energy availability per
person by 2050, up from 2770 kcal in
2005
6Climate Change
“Climate change is no longer some far-off
problem; it is happening here, it is happening
now.” Barack Obama
The heat is on
This year will be the hottest since 1880, when NASA’s
records began. It will break a record that was set only in
2015. All but one of the 16 hottest years in NASA’s 135-year
record have occurred since 2000.
407
ppm
Today`s atmospheric
CO2 level; up from
280ppm in 1880
In the face of decreasing crop yields and arable
land access, more productivity will be required.
Broader adoption of technologies can enhance
yield per hectare in scarce resources conditions.
Root causes
of climate scientists
agree humans are
causing climate
change
Overload of greenhouse gases in the
atmosphere, caused by exacerbated fossil
fuel consumption, deforestation and some
industrial and agricultural practices.
Increase in world’s
temperature since
Industrial Revolution
Changes in the frequency, severity, and unpredictability of
droughts and floods will pose challenges for farmers and
threaten food safety. Warmer waters could make the habitat
ranges of many fish and shellfish species to shift, which could
disrupt ecosystems.
Impact on food availability
2ºC
Main consequences
Erratic climate and weather extremes, higher
temperatures, melting glaciers, rising sea
levels, longer droughts, desertification, more
frequent wildfires, cyclones and floods.
Global warming limit
(above pre-industrial
levels) targeted by
COP21
7Water Crisis
Food grows where water flows
Growth in irrigated area
“By 2025, 1.8 billion people will
experience absolute water scarcity,
and 2/3 of the world will be living under
water-stressed conditions.”
of world’s total water
consumption is directed to
agriculture irrigation
of the water diverted or pumped
for irrigation is wasted
FAO
“Each irrigated hectare equals to three dryland
hectares in physical productivity and seven in
economic value.”
Improved water management in
agriculture could optimize water
use, increase water availability,
catalyze development, reduce soil
erosion, and lead to increased and
diversified agricultural yields.
50%
of Earth’s population will live in a
water scarce area, by 2050
While the world population grew from 2.5
billion in 1950 to 7.4 billion today, the irrigated
area doubled and water withdrawals more
than tripled.
Brazilian Ministry of Agriculture (MAPA)
2.5%
of the Earth's water is
freshwater; of that, 2/3 is held in
ice caps and glaciers
“As oil conflicts were central to 20th century
history, the struggle over freshwater is set
to shape a new turning point in the world
order.”
Water wars
South Centre
Imminent water shortage
Irrigation can offer crop yields that are two to four times
greater than is possible with rainfed farming, and it
currently provides 40 percent of the world’s food from
approximately 20 percent of all agricultural land.
Water scarcity already affects every continent. By 2050,
IFPRI forecasts 4.8 billion people – more than half the
world’s population – and approximately half of global
grain production will be at risk due to water stress.
The developing countries as a whole are expected to
expand their irrigated area from 202 million hectares in
1999 to 242 million hectares by 2030.
Agriculture consumes more water than any
other source (about 70% of freshwater
withdrawals worldwide) - and wastes much
of that through inefficiencies.
The Global Farm
THE GLOBAL FARM
Solving Food Crisis
AgtechTowards 2050
Over the past 40 years, Brazil has transformed itself from a food importer into one of the world's largest exporters. It was the first
tropical country to join the big farm-exporting ranks. The country is now the world's biggest exporter of five of the most relevant
internationally traded crops, and number two in soybeans and maize.
The Myth of Fertility
Brazil has not aways been todays agriculture juggernaut. Soya is a temperate crop and Brazilian research scientists had to breed new
varieties that would grow in the tropical cerrado, the savannah-like land where the farm miracle has taken place.
Leadership in Agricultural Sciences
Brazilian agriculture boom would not be achievable without the support of local highly-developed agronomic studies ecosystem. Today,
top Agricultural Science University ESALQ-USP emulates an agtech version of Silicon Valley in Brazil, preparing the country for
another revolution in agriculture.
9THE GLOBAL FARM - Solving Food Crisis
10World’s Barn
Between 1996 and 2006, Brazilian
agricultural production grew by 365%,
from a total value of R$ 23 bn to R$ 108
bn. The country multiplied its beef
exports by 10x and became world’s
largest exporter of chicken, sugar-cane,
ethanol, coffee, and orange juice. Its
soybean production expanded from 15
million tons to over 60 million tons -
turning Brazil the second largest soy
exporter in the planet.
R$ 1.26
trilion
By 2023, USDA forecasts Brazil
will also be world’s largest
exporter of soybean and chicken,
second player in beef, and 4th in
corn. Also, sugarcane production
is expected to increase by 60%.
Brazil will hold the following
market-share in each of these
commodities:
23% GDP
2015
Agricultural superpower
Unlike its competitors, Brazil is not
running out of land. Agriculture
occupies around 60 Mil hectares now; it
could stretch out to another 70 Mil
hectares without touching the Amazon
rainforest.
Road to supremacyAgainst all odds
Even more surprisingly, Brazil has
reached agribusiness leadership with
minimum subsidy. According to OECD,
governmental support accounted for
only 5.7% of total agricultural income in
Brazil. Comparing to 12% in US, 26%
for OECD`s average, and 29% in EU.
Moreover, Brazil’s real interest rates are
the world's highest.
“If rich countries suddenly
demolished trade barriers and
zeroed out subsidies, Brazilian
farming would really shift into
overdrive.”
The Economist
Vast land availability
44% 54% 53%
24% 13%
56% 46% 47%
77% 87%
Soybean Sugarcane Chicken Beef Corn
Brazil Rest of the World
“Brazil is poised to become the
foremost supplier in meeting
additional global demand,
mostly originating from Asia.
(…) Brazil will account for 40%
of the increase in the world's
food production over the next
decade.”
OECD-FAO, 2015
Brazil’s agro-food trade (95-13)
World’s 2nd
Food Exporter
10
years
Time it will take for Brazil
to become #1 food
exporter in the planet
11The Myth of Fertility
“…the land is so fertile, that anything can be
grown on it…”
Pêro Vaz de Caminha, reporting the discovery of Brazil
April 1500
Portuguese discoverers were wrong
As it turned out, Brazilian land was far from fertile. In fact,
most of the Brazilian soil was not appropriate for planting
at all, acidic and poor in nutrients. Adapting temperate-
The miracle of the cerrado
Brazil’s agricultural miracle has a name, Embrapa -
Brazilian Agricultural Research Corporation. A public
company set up in 1973, during military dictatorship,
in face of oil crisis that made agricultural subsidy
unaffordable. Brazil had to produce more with less.
Embrapa was created to expand agricultural borders
towards Cerrado (Brazilian savannah region, located
in the Midwest region).
From food importer to World’s Barn
“…nobody thought these soils were ever
going to be productive.”
Norman Borlaug, Nobel prize-winning American agronomist
aka “Father of the Green Revolution”
70%
Brazil’s output that comes from
cerrado
2nd
Largest soybean exporter in
the world
80%
of world traded soybeans
comes from USA and Brazil
Embrapa`s most notable achievement was to turn
soybeans into a tropical crop. All other big soybean
producers (notably America and Argentina) have
temperate climates. But by old-fashioned
crossbreeding, Embrapa worked out how to make it
also grow in a tropical climate, on the rolling plains of
Mato Grosso state and in Goiás on the baking
cerrado.
“If you want the primary reason (for the
extraordinary growth in Brazilian agriculture)
in three words, they are Embrapa, Embrapa,
Embrapa.” The Economist
6%
of Brazil’s total arable land is
occupied by soybean crops
12Leadership in Agricultural Science
The Alellyx-CanaVialis phenom
Alellyx-CanaVialis is a biotech company founded
by scientists from top Brazilian Universities
UNICAMP and UFSCAR. Venture-backed by
Votorantim Group investment arm and supported
by development agencies FAPESP and FINEP,
the company develops genetically enhanced
sugarcane varieties. These plants are capable of
increasing yields while reducing the amount of
inputs needed, in spite of adverse conditions. In
2008, Alellyx CanaVialis was acquired by
Monsanto for USD 290 Million, becoming the
most notorious agtech Venture deal in Brazil.
Silicon Valley for Agtech
290M
US$
Was the amount paid by
Monsanto for Alellyx CanaVialis
Stanford University preceded Silicon Valley. In
the same way, ESALQ-USP is fostering an
entrepreneurial ecosystem focused on agtech at
Piracicaba, named Agtech Valley. Conceived in
2016, it has already achieved great success
connecting students, academics, incubators,
successful entrepreneurs, agricultural
corporations, and public sector.
There’s no miracle
Brazilian boom in agriculture wasn’t really a
miracle. Complementing Embrapa’s
activities, national Universities played a
crucial role in producing high level research
in areas such as nutrition, entomology,
breeding, soil science, genetics, veterinary
medicine, meteorology, and environment.
Along with economic development, world-
renowned academic institutions flourished.
The most prestigious one, ESALQ-USP, was
established in 1901 at the city of
Piracicaba/São Paulo. The region
surrounding the School became one of the
most relevant sugarcane and ethanol poles in
the world, projecting Brazil to largest sugar
exporter in the planet. A multibillion industry
conceived upon the academic support and
qualified workforce provided by the School. In
2016, ESALQ-USP ranked 5th in world’s best
Universities for Agricultural Science.
Endless Knowledge
ESALQ-USP is far from being the only source of
agtech entrepreneurs in Brazil. Internationally
respected agricultural research institutions also
include:
“Stanford is the role model. We want
to graduate startup founders.”
Luiz Nussio, ESALQ-USP Director
Universities
Research Centers
Incubators
288
Brazilian Universities offer
Agricultural Science’s degree
AGTECH
Meeting the Food Gap
The Global Farm AgtechAgtechTowards 2050
Digital Revolution
As agriculture nears the limits of available arable land, a confluence of technologies is driving a new leg of productivity in Precision
Farming to enable growers to meet the demand challenge from existing land. Precision Farming has the potential to lift crop yields in
70% by 2050 and create a $240 billion market for farm tech.
14AGTECH - Meeting the Food Gap
Pushing Boundaries Through Biotech
After genetically modified seeds’ boom, scientists search for new ways to enhance plants’ specific traits through advanced genetic
engineering while reducing agricultural ‘footprint’ by introducing biological alternatives to pesticides and herbicides.
15Digital Revolution
Source: Goldman Sachs Global Investment Research
0
500
1000
1500
2000
2500
$ 1,158
$ 212
$ 145
$ 116
$ 145 $ 48
$ 1,969
$ 19
$ 125
Big Data and Precision Farming
Advances in hardware, software, and
computing power enhanced precision in
planting, fertilizing, and irrigating. The
extension of technologies such as
autonomous vehicles, drones, and logistics
management systems add to this
transformative confluence.
Global Crop Value (US$ bn’s)
Total addressable digital
agriculture technology
market by 2050
“New winners and losers will emerge
from this shift to digital agriculture.”
Goldman Sachs
Precision Farming is expected to be
responsible for lifting crop yields in 70% until
2050, creating a US$240 Billion market for
farm tech.
16Pushing Boundaries Through Biotech
Integrated Pest Management
Over the past 40 years, progress in
agriculture productivity was mainly
achieved through acreage additions and
genetic seed development - responsible
for more than a doubling yields.
Biotech Crops
“Biotech plants can produce more
food on less land, reduce CO2
emissions from the farming process,
and in the future, the amount of water
needed to grow crops.”
IFIC
Unsustainable pest-control strategies
must change. IPM minimizes pest
populations by combining environmentally
friendly pest-control methods (natural
predators and pest insects) and
economically viable farming practices. Air,
water, and soil resources are protected
while production goals are met.
Broad adoption of herbicide resistant GM seeds
dramatically increased chemicals usage.
The trade-off
94%
of soy planted in
the US is herbicide
tolerant
When modern pesticides became available,
they were marketed to farmers as a panacea
for eradicating pests, saving labor, and
increasing yields. Pesticides, however, came
with a cost: environmental degradation and
decreased crop resilience.
The combination of biotech crops,
beneficial organisms, selective
pesticides, and monitoring will
make it possible to improve
agricultural yields in a cost-effective
and sustainable way.
72%
of all glyphosate applied
worldwide was sprayed in
the last 10 years
Quem está no jogo conosco no Brasil ? – Digital & Fusões
Fundo de Inovação Paulista | agfunder report
Fundo de Inovação Paulista | agtech valley
Agventures – portfólio-alvo
Biotech TI
dentro da
porteira
fora da
porteira
Agricultura
Pecuária
AGDIGITAL
+ Rastreabilidade Agro
+ Distribuição Digital
c
Fundo de Inovação Paulista | agtech portfolio
Innovation – Biological Control
As agrochemical use increases every year in order to meet pests’
acquired resistance level, it gradually becomes a less effective and
more expensive solution. Promip produce biological products which
are less costly and more efficient to small/medium growers
(predatory mites) and large sized farms (trichogramma and
stratiolaelaps) enforce pest control. The company also assists
every major agrochemical multinational to evaluate their products’
efficacy through laboratory services.
main clientsbenchmarks
Biological Products Research Services Pollinators
c
Fundo de Inovação Paulista | agtech portfolio
Innovation – Biotechnology
Development of fertilization related technologies focused on improving
pregnancy rates on Artificial Insemination and In Vitro Fertilization.
The company’s product, named Tolerana, can increase the
pregnancy success rate in over 20%, on average, generating value
to all the cattle and milk chain.
main clientsbenchmarks
New GMO Related
Protein Compound
More Successful AI and
IVF Procedures
Pregnancy Rate
Enhancing
Pre-Regulatory – Product
registration to be achieved by
June/17
c
Fundo de Inovação Paulista | agtech portfolio
Innovation – Agriculture IoT (Internet of Things)
Agronomic system based on hardware (meteorological stations and
field sensors) and software (multiplatform cloud dashboard)
focused on monitoring several weather, soil and diseases related
variables and optimizing water and energy consumption in
agriculture.
main clientsbenchmarks
Weather and Soil
Sensoring
Weather and Diseases
Data Monitoring
Irrigation Automation
c
Fundo de Inovação Paulista | agtech portfolio
Innovation – Yield Forecast
SaaS platform that allows growers to forecast a crop’s yield in real
time with a medium accuracy rate of 95%. The system can
estimate the past and future yields of any kind of cultivation in any
place of the world (as long as the maps are uploaded to the
platform), making it possible to compare the results – and practices
– of farmers of the same type of crop all over the world.
main clientsbenchmarks
Crop and Property
Selection
Disruptive Imagery
Analysis Algorithm
High Accuracy Yield
Mapping and Forecasting
+1.000 B2C users
c
Fundo de Inovação Paulista | agtech portfolio
Innovation – Precision Farming
Cloud based platform aimed on acquiring and analyzing soil fertility
data. InCeres integrate every agent of the soil analysis chain – from
the sampler and laboratory to the farmer or consultant – through a
system that allows users to share insights and provide access to
recommendations from renowned agriculture experts regarding the
use of fertilizers, herbicides, and other kinds of
nutrients/supplements.
main clientsbenchmarks
Soil Analysis Chain
Integration
Variable Rate
Geoprocessing
Agricultural Inputs
Recommendations
Agronomic Consultants
Fundo de Inovação Paulista | agtech portfolio
Innovation – Virtualization of Agricultural Credit
Cloud software that simplifies and automates credit operations in
agribusiness, specially barter transactions (USD 18 Bi market in
Brazil), mitigating bureaucracy and shortening formalization cycles.
The platform integrates every agent involved in the transaction
(tradings, agroindustry, distributors, resellers, and farmers),
automatically generates standardized documents, monitors
warranties through geoprocessing, permits digital signature, tracks
commodities prices, and enables block-chain application.
benchmarks
Artificial Intelligence and
Smart Contracts
Decentralized Transaction
Registration by Blockchain
Warranties Monitoring
main clients
MVP / PoC with one of the largest
seed and chemical multinationals
in the world.
29
SP Ventures Gestora de Recursos S/A
francisco@spventures.com.br
+ 55 11 96070-9494
+ 55 11 2594-877
Avenida Brigadeiro Faria Lima, 1485,
19º Andar, Jd. Paulistano, São Paulo

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SPVentures no lançamento da AgTech Garage.

  • 1.
  • 2. This document is strictly confidential and was prepared by SP VENTURES GESTORA DE RECURSOS S.A. ("SP Ventures"). Its content is destined solely to the recipient and may not be copied, reproduced, forwarded or made available in physical, virtual or verbal form, to any third party, in whole or in part, without the prior written consent of SP Ventures.
  • 3. We invest in tech intensive opportunities Low competition for deals what we do Early-stage focus Few specialized investors in Brazil Regional expertise Local entrepreneurial ecosystem Hands-on approach We get down & dirty with our entrepreneurs Management team of entrepreneurs We walk the talk
  • 4. Track-record | Criatec I Portfolio agtech multi-sectorial Started sector-agnostic. Finished up highly specialized in agtech, B2B IT and medtech
  • 5. Towards 2050 TOWARDS 2050 Facing Food Scarcity The Global Farm Agtech
  • 6. The Global Food Challenge The Food and Agriculture Organization of the United Nations (FAO) estimates global population will grow by 35% until 2050, reaching 9.7 bn inhabitants by then. This expansion translates into 70% required growth in food supply from current levels. As available arable land per capita declines, the required food growth has to come from yield. Climate Change Climate change will threaten food and water supply for billions of people. With the temperature increasing and precipitation fluctuations, water availability and crop production are forecasted to decrease in the future. Water Crisis Water scarcity, which already affects one in three people on Earth, is set to increase in magnitude and scope as the global population grows, increasing affluence drives up demand, and the climate changes. Agriculture accounts for about 70 percent of the freshwater withdrawals in the world and is usually seen as the main factor behind the increasing scarcity of freshwater. 4TOWARDS 2050 - Facing Food Scarcity
  • 7. 5The Global Food Challenge A third more mouths to feed Producing 70% more food for an additional 2.3 billion people by 2050 while at the same time combating poverty and hunger, using scarce natural resources more efficiently and adapting to climate change are the main challenges world agriculture will face in the coming decades. Jacques Diouf, Director-General of FAO “The combined effect of population growth, strong income growth and urbanization, with the associated shifts in diet structures towards more nutritious and higher quality foods, is expected to result in almost the doubling of demand for food, feed and fibre.” Productivity improvement is critical as available land per capta declines and dietary habits change within developing nations World’s population by 2050 Yield improvement required to meet food necessities by then The proportion of grain consumed in China that was imported (2015) 3050 kcal Average daily energy availability per person by 2050, up from 2770 kcal in 2005
  • 8. 6Climate Change “Climate change is no longer some far-off problem; it is happening here, it is happening now.” Barack Obama The heat is on This year will be the hottest since 1880, when NASA’s records began. It will break a record that was set only in 2015. All but one of the 16 hottest years in NASA’s 135-year record have occurred since 2000. 407 ppm Today`s atmospheric CO2 level; up from 280ppm in 1880 In the face of decreasing crop yields and arable land access, more productivity will be required. Broader adoption of technologies can enhance yield per hectare in scarce resources conditions. Root causes of climate scientists agree humans are causing climate change Overload of greenhouse gases in the atmosphere, caused by exacerbated fossil fuel consumption, deforestation and some industrial and agricultural practices. Increase in world’s temperature since Industrial Revolution Changes in the frequency, severity, and unpredictability of droughts and floods will pose challenges for farmers and threaten food safety. Warmer waters could make the habitat ranges of many fish and shellfish species to shift, which could disrupt ecosystems. Impact on food availability 2ºC Main consequences Erratic climate and weather extremes, higher temperatures, melting glaciers, rising sea levels, longer droughts, desertification, more frequent wildfires, cyclones and floods. Global warming limit (above pre-industrial levels) targeted by COP21
  • 9. 7Water Crisis Food grows where water flows Growth in irrigated area “By 2025, 1.8 billion people will experience absolute water scarcity, and 2/3 of the world will be living under water-stressed conditions.” of world’s total water consumption is directed to agriculture irrigation of the water diverted or pumped for irrigation is wasted FAO “Each irrigated hectare equals to three dryland hectares in physical productivity and seven in economic value.” Improved water management in agriculture could optimize water use, increase water availability, catalyze development, reduce soil erosion, and lead to increased and diversified agricultural yields. 50% of Earth’s population will live in a water scarce area, by 2050 While the world population grew from 2.5 billion in 1950 to 7.4 billion today, the irrigated area doubled and water withdrawals more than tripled. Brazilian Ministry of Agriculture (MAPA) 2.5% of the Earth's water is freshwater; of that, 2/3 is held in ice caps and glaciers “As oil conflicts were central to 20th century history, the struggle over freshwater is set to shape a new turning point in the world order.” Water wars South Centre Imminent water shortage Irrigation can offer crop yields that are two to four times greater than is possible with rainfed farming, and it currently provides 40 percent of the world’s food from approximately 20 percent of all agricultural land. Water scarcity already affects every continent. By 2050, IFPRI forecasts 4.8 billion people – more than half the world’s population – and approximately half of global grain production will be at risk due to water stress. The developing countries as a whole are expected to expand their irrigated area from 202 million hectares in 1999 to 242 million hectares by 2030. Agriculture consumes more water than any other source (about 70% of freshwater withdrawals worldwide) - and wastes much of that through inefficiencies.
  • 10. The Global Farm THE GLOBAL FARM Solving Food Crisis AgtechTowards 2050
  • 11. Over the past 40 years, Brazil has transformed itself from a food importer into one of the world's largest exporters. It was the first tropical country to join the big farm-exporting ranks. The country is now the world's biggest exporter of five of the most relevant internationally traded crops, and number two in soybeans and maize. The Myth of Fertility Brazil has not aways been todays agriculture juggernaut. Soya is a temperate crop and Brazilian research scientists had to breed new varieties that would grow in the tropical cerrado, the savannah-like land where the farm miracle has taken place. Leadership in Agricultural Sciences Brazilian agriculture boom would not be achievable without the support of local highly-developed agronomic studies ecosystem. Today, top Agricultural Science University ESALQ-USP emulates an agtech version of Silicon Valley in Brazil, preparing the country for another revolution in agriculture. 9THE GLOBAL FARM - Solving Food Crisis
  • 12. 10World’s Barn Between 1996 and 2006, Brazilian agricultural production grew by 365%, from a total value of R$ 23 bn to R$ 108 bn. The country multiplied its beef exports by 10x and became world’s largest exporter of chicken, sugar-cane, ethanol, coffee, and orange juice. Its soybean production expanded from 15 million tons to over 60 million tons - turning Brazil the second largest soy exporter in the planet. R$ 1.26 trilion By 2023, USDA forecasts Brazil will also be world’s largest exporter of soybean and chicken, second player in beef, and 4th in corn. Also, sugarcane production is expected to increase by 60%. Brazil will hold the following market-share in each of these commodities: 23% GDP 2015 Agricultural superpower Unlike its competitors, Brazil is not running out of land. Agriculture occupies around 60 Mil hectares now; it could stretch out to another 70 Mil hectares without touching the Amazon rainforest. Road to supremacyAgainst all odds Even more surprisingly, Brazil has reached agribusiness leadership with minimum subsidy. According to OECD, governmental support accounted for only 5.7% of total agricultural income in Brazil. Comparing to 12% in US, 26% for OECD`s average, and 29% in EU. Moreover, Brazil’s real interest rates are the world's highest. “If rich countries suddenly demolished trade barriers and zeroed out subsidies, Brazilian farming would really shift into overdrive.” The Economist Vast land availability 44% 54% 53% 24% 13% 56% 46% 47% 77% 87% Soybean Sugarcane Chicken Beef Corn Brazil Rest of the World “Brazil is poised to become the foremost supplier in meeting additional global demand, mostly originating from Asia. (…) Brazil will account for 40% of the increase in the world's food production over the next decade.” OECD-FAO, 2015 Brazil’s agro-food trade (95-13) World’s 2nd Food Exporter 10 years Time it will take for Brazil to become #1 food exporter in the planet
  • 13. 11The Myth of Fertility “…the land is so fertile, that anything can be grown on it…” Pêro Vaz de Caminha, reporting the discovery of Brazil April 1500 Portuguese discoverers were wrong As it turned out, Brazilian land was far from fertile. In fact, most of the Brazilian soil was not appropriate for planting at all, acidic and poor in nutrients. Adapting temperate- The miracle of the cerrado Brazil’s agricultural miracle has a name, Embrapa - Brazilian Agricultural Research Corporation. A public company set up in 1973, during military dictatorship, in face of oil crisis that made agricultural subsidy unaffordable. Brazil had to produce more with less. Embrapa was created to expand agricultural borders towards Cerrado (Brazilian savannah region, located in the Midwest region). From food importer to World’s Barn “…nobody thought these soils were ever going to be productive.” Norman Borlaug, Nobel prize-winning American agronomist aka “Father of the Green Revolution” 70% Brazil’s output that comes from cerrado 2nd Largest soybean exporter in the world 80% of world traded soybeans comes from USA and Brazil Embrapa`s most notable achievement was to turn soybeans into a tropical crop. All other big soybean producers (notably America and Argentina) have temperate climates. But by old-fashioned crossbreeding, Embrapa worked out how to make it also grow in a tropical climate, on the rolling plains of Mato Grosso state and in Goiás on the baking cerrado. “If you want the primary reason (for the extraordinary growth in Brazilian agriculture) in three words, they are Embrapa, Embrapa, Embrapa.” The Economist 6% of Brazil’s total arable land is occupied by soybean crops
  • 14. 12Leadership in Agricultural Science The Alellyx-CanaVialis phenom Alellyx-CanaVialis is a biotech company founded by scientists from top Brazilian Universities UNICAMP and UFSCAR. Venture-backed by Votorantim Group investment arm and supported by development agencies FAPESP and FINEP, the company develops genetically enhanced sugarcane varieties. These plants are capable of increasing yields while reducing the amount of inputs needed, in spite of adverse conditions. In 2008, Alellyx CanaVialis was acquired by Monsanto for USD 290 Million, becoming the most notorious agtech Venture deal in Brazil. Silicon Valley for Agtech 290M US$ Was the amount paid by Monsanto for Alellyx CanaVialis Stanford University preceded Silicon Valley. In the same way, ESALQ-USP is fostering an entrepreneurial ecosystem focused on agtech at Piracicaba, named Agtech Valley. Conceived in 2016, it has already achieved great success connecting students, academics, incubators, successful entrepreneurs, agricultural corporations, and public sector. There’s no miracle Brazilian boom in agriculture wasn’t really a miracle. Complementing Embrapa’s activities, national Universities played a crucial role in producing high level research in areas such as nutrition, entomology, breeding, soil science, genetics, veterinary medicine, meteorology, and environment. Along with economic development, world- renowned academic institutions flourished. The most prestigious one, ESALQ-USP, was established in 1901 at the city of Piracicaba/São Paulo. The region surrounding the School became one of the most relevant sugarcane and ethanol poles in the world, projecting Brazil to largest sugar exporter in the planet. A multibillion industry conceived upon the academic support and qualified workforce provided by the School. In 2016, ESALQ-USP ranked 5th in world’s best Universities for Agricultural Science. Endless Knowledge ESALQ-USP is far from being the only source of agtech entrepreneurs in Brazil. Internationally respected agricultural research institutions also include: “Stanford is the role model. We want to graduate startup founders.” Luiz Nussio, ESALQ-USP Director Universities Research Centers Incubators 288 Brazilian Universities offer Agricultural Science’s degree
  • 15. AGTECH Meeting the Food Gap The Global Farm AgtechAgtechTowards 2050
  • 16. Digital Revolution As agriculture nears the limits of available arable land, a confluence of technologies is driving a new leg of productivity in Precision Farming to enable growers to meet the demand challenge from existing land. Precision Farming has the potential to lift crop yields in 70% by 2050 and create a $240 billion market for farm tech. 14AGTECH - Meeting the Food Gap Pushing Boundaries Through Biotech After genetically modified seeds’ boom, scientists search for new ways to enhance plants’ specific traits through advanced genetic engineering while reducing agricultural ‘footprint’ by introducing biological alternatives to pesticides and herbicides.
  • 17. 15Digital Revolution Source: Goldman Sachs Global Investment Research 0 500 1000 1500 2000 2500 $ 1,158 $ 212 $ 145 $ 116 $ 145 $ 48 $ 1,969 $ 19 $ 125 Big Data and Precision Farming Advances in hardware, software, and computing power enhanced precision in planting, fertilizing, and irrigating. The extension of technologies such as autonomous vehicles, drones, and logistics management systems add to this transformative confluence. Global Crop Value (US$ bn’s) Total addressable digital agriculture technology market by 2050 “New winners and losers will emerge from this shift to digital agriculture.” Goldman Sachs Precision Farming is expected to be responsible for lifting crop yields in 70% until 2050, creating a US$240 Billion market for farm tech.
  • 18. 16Pushing Boundaries Through Biotech Integrated Pest Management Over the past 40 years, progress in agriculture productivity was mainly achieved through acreage additions and genetic seed development - responsible for more than a doubling yields. Biotech Crops “Biotech plants can produce more food on less land, reduce CO2 emissions from the farming process, and in the future, the amount of water needed to grow crops.” IFIC Unsustainable pest-control strategies must change. IPM minimizes pest populations by combining environmentally friendly pest-control methods (natural predators and pest insects) and economically viable farming practices. Air, water, and soil resources are protected while production goals are met. Broad adoption of herbicide resistant GM seeds dramatically increased chemicals usage. The trade-off 94% of soy planted in the US is herbicide tolerant When modern pesticides became available, they were marketed to farmers as a panacea for eradicating pests, saving labor, and increasing yields. Pesticides, however, came with a cost: environmental degradation and decreased crop resilience. The combination of biotech crops, beneficial organisms, selective pesticides, and monitoring will make it possible to improve agricultural yields in a cost-effective and sustainable way. 72% of all glyphosate applied worldwide was sprayed in the last 10 years
  • 19. Quem está no jogo conosco no Brasil ? – Digital & Fusões
  • 20. Fundo de Inovação Paulista | agfunder report
  • 21. Fundo de Inovação Paulista | agtech valley
  • 22. Agventures – portfólio-alvo Biotech TI dentro da porteira fora da porteira Agricultura Pecuária AGDIGITAL + Rastreabilidade Agro + Distribuição Digital
  • 23. c Fundo de Inovação Paulista | agtech portfolio Innovation – Biological Control As agrochemical use increases every year in order to meet pests’ acquired resistance level, it gradually becomes a less effective and more expensive solution. Promip produce biological products which are less costly and more efficient to small/medium growers (predatory mites) and large sized farms (trichogramma and stratiolaelaps) enforce pest control. The company also assists every major agrochemical multinational to evaluate their products’ efficacy through laboratory services. main clientsbenchmarks Biological Products Research Services Pollinators
  • 24. c Fundo de Inovação Paulista | agtech portfolio Innovation – Biotechnology Development of fertilization related technologies focused on improving pregnancy rates on Artificial Insemination and In Vitro Fertilization. The company’s product, named Tolerana, can increase the pregnancy success rate in over 20%, on average, generating value to all the cattle and milk chain. main clientsbenchmarks New GMO Related Protein Compound More Successful AI and IVF Procedures Pregnancy Rate Enhancing Pre-Regulatory – Product registration to be achieved by June/17
  • 25. c Fundo de Inovação Paulista | agtech portfolio Innovation – Agriculture IoT (Internet of Things) Agronomic system based on hardware (meteorological stations and field sensors) and software (multiplatform cloud dashboard) focused on monitoring several weather, soil and diseases related variables and optimizing water and energy consumption in agriculture. main clientsbenchmarks Weather and Soil Sensoring Weather and Diseases Data Monitoring Irrigation Automation
  • 26. c Fundo de Inovação Paulista | agtech portfolio Innovation – Yield Forecast SaaS platform that allows growers to forecast a crop’s yield in real time with a medium accuracy rate of 95%. The system can estimate the past and future yields of any kind of cultivation in any place of the world (as long as the maps are uploaded to the platform), making it possible to compare the results – and practices – of farmers of the same type of crop all over the world. main clientsbenchmarks Crop and Property Selection Disruptive Imagery Analysis Algorithm High Accuracy Yield Mapping and Forecasting +1.000 B2C users
  • 27. c Fundo de Inovação Paulista | agtech portfolio Innovation – Precision Farming Cloud based platform aimed on acquiring and analyzing soil fertility data. InCeres integrate every agent of the soil analysis chain – from the sampler and laboratory to the farmer or consultant – through a system that allows users to share insights and provide access to recommendations from renowned agriculture experts regarding the use of fertilizers, herbicides, and other kinds of nutrients/supplements. main clientsbenchmarks Soil Analysis Chain Integration Variable Rate Geoprocessing Agricultural Inputs Recommendations Agronomic Consultants
  • 28. Fundo de Inovação Paulista | agtech portfolio Innovation – Virtualization of Agricultural Credit Cloud software that simplifies and automates credit operations in agribusiness, specially barter transactions (USD 18 Bi market in Brazil), mitigating bureaucracy and shortening formalization cycles. The platform integrates every agent involved in the transaction (tradings, agroindustry, distributors, resellers, and farmers), automatically generates standardized documents, monitors warranties through geoprocessing, permits digital signature, tracks commodities prices, and enables block-chain application. benchmarks Artificial Intelligence and Smart Contracts Decentralized Transaction Registration by Blockchain Warranties Monitoring main clients MVP / PoC with one of the largest seed and chemical multinationals in the world.
  • 29. 29 SP Ventures Gestora de Recursos S/A francisco@spventures.com.br + 55 11 96070-9494 + 55 11 2594-877 Avenida Brigadeiro Faria Lima, 1485, 19º Andar, Jd. Paulistano, São Paulo