Brazil to Designate Nearly US$500M for Software, IT and Innovation

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Today, the Brazilian government announced plans to invest US$247 million (R$500 million) in software and IT development in the country as part of the program TI Miaor (More IT). Science, Technology and Innovation Minister Marco Antonio Raupp spoke at the launch, where he stated“There is no innovation without software. This program is aimed at enhancing a tool that has a universal virtue.”