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Chile: Startup with modular farms gains investor interest

Farmtástica, a project by Maricruz Larrea, Eduardo Vásquez, Juan Pablo Manzur, and Rodrigo Larrea, offers a prototype of modular farms that works with vertical farming. 

"The main reason we created the company is that we noticed two inefficiencies. 70% of water consumption in Chile corresponds to agriculture. However, we are a country that has been in drought for 16 years. The second thing, and which also has to do with climate change, is that half of the production of vegetables and fruits in Latin America is lost due to shortages," says Eduardo Vásquez commented in an interview with Techla. 

The model presented by this Chilean startup caught the attention of investors and accelerators such as Ganesha Lab, the global scaleup in Biotechnology for science and technology-based startups in Latam. 

"Ganesha caught our attention because of the way they worked and how careful they were to interview us. We did several interviews in the selection process because it was practically trying to understand each other. We did not have much knowledge of Ganesha, and they clearly did not have much knowledge of us, and therefore in different interviews, we began to get to know each other; what we wanted to do, who made up the working group, and more."

Farmtástica entered the sixth generation of this program, which is designed with a scaling and internationalization approach for biotechnology startups for six months in which participants will acquire critical tools and knowledge for their future international success.

Read the entire article at TechLA (in Spanish)

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