Fostering new technologies in agriculture
Regional Fund for Agricultural Technology ( FONTAGRO )
FONTAGRO is an alliance of 15 countries to fund research and innovation in the agricultural sector in Latin America and the Caribbean. Since its launch in 1997, FONTAGRO has become a recognized institutional mechanism, transparent, sustainable in the long run and led by member countries. FONTAGRO also functions as a forum to discuss agricultural and rural innovation in the region.
With $65.2 million in assets, the Fund co-finances research and innovation consortiums from member countries through a competitive process. The projects are funded with interest generated by the Fund's capital and financial support from other organizations. The Fund has received more than 400 research proposals and financed over 70 projects.