Monsanto, Microsoft join hands

Q.  Monsanto and which software major have announced a partnership in Brazil?
- Published on 06 Jul 16

a. Microsoft
b. Apple
c. IBM
d. HCL

ANSWER: Microsoft
 
US biotech company Monsanto and Microsoft have come up with a partnership to invest in agricultural technology startups in Brazil.
  • Monsanto will join a Brazilian investment fund with up to 300 million reais, managed by Microsoft evaluation new ideas for new digital tools to be applied to agricultural production within the country
  • Chosen ideas will receive funding of close to 1.5 million reais, (USD 459,000) for early development.
  • Project owners will have to pay the option to pay back the investment after three years or conversion of the money into equity

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