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Before entering MIT, Aline Oliveira worked all her life in technology and comfort sectors. She was the business development director of one of the largest trading houses in Latin America. She was also CEO of an agricultural company.
In June of 2017, she started working with Fabrizio Pezente. Fabrizio and Aline talked about the problems that their sector has. In Bill Aulet's class New Enterprises, they began to shape their idea, so they decided to create a platform for the agricultural industry.
Small producers own most of the agricultural lands in the world. They represent around 500 million family farms, according to FAO data. For them, it is not always easy to get credits that allow them to increase their production.
TrAIve was founded to solve this problem. Through data analysis and artificial intelligence (AI), Traive improves the prediction of investment risk in agricultural holdings. Thus, farmers can access more advantageous loans.
Banks usually consider agriculture a sector of high risk in investment. With Traive, financial costs can be reduced by 25% to 50%. Thus, the farmer has more capital to invest in development.
Traive predicts the performance of a crop only with the location of the land and the seeds to be planted. The platform works with a database of a high quality of arable land and with the historical analysis of productivity.
Traive was created in 2018, and they will test a pilot program with a thousand farmers in Brazil. Rodrigo de Alvarenga, CEO of HAG Consulting & Ventures, highlighted that "the Traive project is very ambitious" and with the potential to "generate a high impact."
Aline Oliveira received the Innovators under 35 Latin America 2018 award from 'MIT Technology Review in Spanish.'
Fabien Mendez is the CEO & Co-Founder of Loggi, a Brazilian logistics company.
Gabriel Braga is the CEO and co-founder of Quinto Andar, a Brazilian Real State startup.
Camila Achutti is founder and CEO of Mastertech, the first bootcamp of Brasil.
Gustavo Caetano is founder and CEO of Samba Tech.