Start-up Brazil

start up brazilStart-up Brazil 

The second call of the Start-up Brazil program in 2013 selected 62 technology-based startups. The Official Federal Gazette issued on Wednesday (18th) the names of the elected companies. There are 53 national and 8 foreign projects to be accelerated by the federal government program.

The Startup Brazil program was launched in November 2012, in São Paulo, and has qualified for this year’s cycle 9 accelerators that currently drive the development of 48 startups, enabled on the first call of the official announcement. The 62 newcomers were chosen among 709 companies listed, being 531 Brazilian and 178 foreign, and can get grants of up to R$200,000.00 which is a public resources support that adds to the accelerator’s investment.

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Start-Up Brasil Infographic

brazil startupsAt the end of the year, we did publish the list of startups which were selected for the second round of acceleration via the Start-Up Brasil program (see the list). The 62 selected startups were chosen from 709 candidates and are to receive up to R$ 200 mil (around US$ 84k as of today), plus an investment to be made by one of the nine accelerators credited in the program (who are to provide also mentorship an networking, among other benefits).

 

According to AngelList, Brazil startups now have a $3.7M  AVERAGE VALUATION.  Read more> 

 

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