S4: De-risking Agricultural Production Via Data Analytics and Satellite Imagery
The objective of the project is to mitigate and manage climate risks affecting agricultural production. It purpose is to support the development and market adoption of a non-conventional climate-risk management solution based on satellite imagery, vegetation and other Indexes advanced by "S4". Through an equity investment, the project will support S4, an early stage company that is leading the innovation in this field in the Region to consolidate its operations in Argentina and expand regionally, starting with Brazil. S4 has an innovative, technology-based platform that uses remote sensing satellite data, deep learning techniques, and proprietary algorithms, to construct Enhanced Vegetation Indexes (EVI) that recognize and classify different crops and phonological periods, which correlate their growth with yields, as well as indexes that account for excess water in production areas. With project support, S4 will design and refine EVI-based climate-risk hedging products that aim to provide crop risk protection from systemic weather events (i.e. yield loss due to droughts or floods). The hedging products will be commercialized through different channels, including over the counter futures markets and aggregators (such as input supplier companies), with the backing of insurance and reinsurance companies.

Project Detail

Country

Regional

Project Number

RG-Q0048

Approval Date

October 4, 2018

Project Status

Closed

Project Type

Equity

Sector

FINANCIAL MARKETS

Subsector

INSURANCE MARKET DEVELOPMENT

Lending Instrument

Multilateral Investment Fund Instrument

Lending Instrument Code

MIF

Modality

-

Facility Type

-

Environmental and Social Impact Category (ESIC)

Category C: Likely to cause minimal or no negative environmental and associated social impacts

Total Cost

USD 6,500,000.00

Country Counterpart Financing

USD 5,000,000.00

Original Amount Approved

USD 1,500,000.00
Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
EQU/MS-16957-RG Non-Sovereign Guaranteed USD - United States Dollar MIF-Small Enterprise Investment Fund Equity Financing
Operation Number EQU/MS-16957-RG
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: MIF-Small Enterprise Investment Fund
  • Financial Instrument: Equity Financing

Can’t find a document? Request information

 Implementation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-140867093-2
TC Document
RG-Q0048 - Resumen del proyecto.pdf
Nov. 22, 2018
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-140867093-3
TC Document
RG-Q0048 - Project summary.pdf
Nov. 22, 2018
English

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