Information Technology in Brazil: nine startup accelerators to invest $ 18 million
The Brazilian Ministry of Science, Technology and Innovation (MCTI) announced on Thursday (February 28) the nine accelerators selected to integrate the accelerator program Startup Brazil. The Ministry of Science, Technology and Innovation MCTI, Virgilio Almeida told the press in Sao Paul that the accelerators will invest a total of $ 36 million Reais (18 million US dollars) in private capital, up to 100 early-stage companies the period of 12 months.
The accelerator selected were 21212 Rio de Janeiro, Aceleratech São Paulo, Microsoft Rio de Janeiro, São Paulo, Rio Grande do Norte and Rio Grande do Sul, Papaya Rio de Janeiro, Pipa Rio de Janeiro , Wayra São Paulo, Faumsoft Minas Gerais Outsource Rio de Janeiro, and Startyouup (Espírito Santo).
According to the secretary, the announcement of the selection of startups will be presented in late March in Rio de Janeiro. “The prediction is that in late June disclosure is made of selected,” said Secretary Start.Up the blog. Initially six accelerator would be chosen, but given the level of tenders, the MCTI decided to open three more vacancies.
The notice, which will be created by CNPq in partnership with government, allowing that 25% of the selected companies are international. “The goal is to attract talent to the country,” said Virgil. “We want to attract talent but also those with global vision. And Brazil is a positive point in economic and political conditions for this, “concluded the Secretary.
Each startup, which will be connected to one of accelerator released today, will receive $ 200,000 in government funds to develop the business within 12 months. The early-stage companies who wish to enroll will have to have less than three years of experience in the market. Among the selection criteria for startups elements are as a team, business plan and degree of innovation.
Announced in August last year, Startup Brazil aims to fund startups and accelerators to boost Brazilian ecosystem. The initiative is part of the IT staff, which plans to invest $ 500 million in software development in the country