COFIDES will support the agro-biotechnology company Futureco Bioscience to strengthen its subsidiary in Peru. To this end, it will provide an ordinary loan of 300,000 euros from COFIDES' own resources.
The financing provided by COFIDES will help to guarantee the adequate supply of the company's products to its clients, so that its subsidiary in Lima can distribute its products. Futureco has been present in Peru since 2014 and began its business activity in 2018.
CONTRIBUTING TO THE SDGs
This project contributes in particular to SDG 2 (Zero Hunger) by facilitating the sustainability of food production systems and implementing resilient agricultural practices through providing low environmental impact inputs to the agricultural sector. In this way, it helps to promote a transition from traditional agriculture to more sustainable environmentally friendly agriculture.
COFIDES President, José Luis Curbelo, stressed the importance of "supporting innovative companies working to minimize environmental impact in their foreign investment projects. Curbelo also added that "these projects can help strengthen the primary sector of the countries where we invest and food security, which is important to COFIDES and its commitment to sustainable development".
Rafael Juncosa, CEO of Futureco Bisocience highlights how "investing in the Peruvian market, with a highly technical agribusiness focused on improvement and sustainability" is a priority, especially "for introducing new technologies that our company is developing in terms of analysing the biodiversity of agricultural soils and its continuous improvement with advanced personalized programmes”
ABOUT FUTURECO BIOSCIENCE
Created in 2004 and based in Olèrdola (Barcelona), Futureco Bioscience is an agro-biotechnology company dedicated to the research and innovation of products for crop protection and nutrition. Characterized since its creation by an eco-friendly and sustainable approach, and a focus on regenerative agriculture, the company is distinguished by its in house organization, developing and manufacturing its products from its own headquarters and marketing them globally: it is present in 40 countries and has partners and collaborators all over the world. Recently, Futureco Bioscience has developed a new service, based on the latest technology of mass sequencing (metagenomics) and bioinformatic data analysis (Big Data) through its own software, to offer a personalized analysis of soils, and to be able to design customized programs for different climates, soils and crops.
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