Startup will share Cerrado sustainability quotas using digital pixel
SciCrop was chosen by the international agricultural innovation fund Land Innovation Fund to create Brazil’s first ESG Map, the Green Pixel, in the Cerrado. The selection took place through the Cerrado Sustainable Soy Program (PSSC), the result of a partnership between the AgTech Garage innovation hub and the Land Innovation Fund (LIF). The solution will […]
SciCrop was chosen by the international agricultural innovation fund Land Innovation Fund to create Brazil’s first ESG Map, the Green Pixel, in the Cerrado.
The selection took place through the Cerrado Sustainable Soy Program (PSSC), the result of a partnership between the AgTech Garage innovation hub and the Land Innovation Fund (LIF).
The solution will be developed on the CPQD Trace blockchain and will monitor Cerrado biome using geoprocessing satellite images, in order to encourage farmers to preserve native vegetation on their properties.
This will occur through the support of large companies that need to advance in their carbon neutralization challenges, in addition to promoting social development.
SciCrop was one of the four startups selected to receive funding from the Startup Finance Facility (SFF), an unprecedented management and innovation initiative that contributes to a sustainable soy supply chain, free from deforestation and conversion of native vegetation.
SFF has R＄3.4 million to catalyze the development, testing and implementation of solutions. With the investment received, the Green Pixel that should be on the air in the first quarter of 2023.
The first biome to be protected and developed by Green Pixel will be the Cerrado, however, the founders’ goal is to expand to the Brazilian territory as a whole.
“In the Cerrado, there is a major problem arising from land use: the imbalance of socio-environmental development. A social chasm between big and small. These differences end up resulting in unsustainable land use, which puts the biome at risk”, comments José Damico, CEO and founder of SciCrop.
To solve the equation, the Green Pixel intends to seek investment from the private sector, such as banks and large companies that have businesses with a strong environmental impact, as well as industries that, in their operation, emit large amounts of greenhouse gases, and need to take action. of ESG to promote sustainability and decrease the carbon footprint.
“We are going to divide the Brazilian territory into 10×10 meters pixels and we will offer smart contracts to the private sector, which will buy territorial pixels representing conservation areas in the cerrado or to be recovered (surpluses that legally must already be protected), specifically within producing properties of grain. The main objective is to combat deforestation in the Cerrado biome”, explains Damico.