VanderSat wins NpM Innovator’s Challenge
November 2, 2018
e are very happy and proud we just won the NpM Innovator’s Challenge at the Accenture Innovation Summit. This challenge, which is supported by NpM, platform for Inclusive Finance, Accenture, Bill and Melinda Gates Foundation, FMO and the Rabobank foundation aims to incentivize technology companies to develop geodata-based financial services for smallholder farmers in developing countries and emerging economies.
Within this challenge we propose to develop a risk assessment platform for financial service providers called TARA. TARA translates our satellite data products into quantified information of local crop conditions, farmers practices and the capacity of smallholders to cope with climate change.
On TARA risk information can be combined with data relevant to financial service providers (e.g. farmer loan history, input demand, and payout history), enabling the development of geodata-based financial solutions like loan-advisory-insurance packages and (mobile) credit scoring. Ultimately, this leads to a fairer system with more financial inclusion for smallholders.