Start-Up Brasil Selects 56 Projects, Including 11 International, for Inaugural Program

Start-Up Brasil has made its first selections. This morning, representatives of the initiative and of the Brazilian Ministry of Science, Technology and Innovation announced the companies that will participate in the very first Start-Up Brasil acceleration process.

A total of 56 projects were chosen – 45 from Brazil and 11 from abroad – out of a group of 908 finalists. They will be divvied up among the nine accelerators slated to join the program. Marco Antonio Raupp, Minister of Science, Technology and Innovation, highlighted in a statement the importance of the initiative:

The creation of environments composed of accelerator and accelerated companies is a requirement from the innovative Brazil that we have been building with the government and society. This environment is going to enable us to have innovation quicker and this will be key to the success of startups from the IT sector, since they depend on both technological development and management, besides the ability to do well in the market.

Start-Up Brasil is a key piece of TI Maior, a 500-million-real initiative to boost IT and software development in Brazil. The program revolves around two major components – accelerators and startups – that together “aim to create a competitive and innovative environment for ideas generated at universities, for projects from entrepreneurs, and investors seeking successful products and services,” explained Virgílio Almeida, Secretary of IT Policy. He described the program as a public-private partnership that aligns business interests with the government’s strategic goals.

The intersection of public and private components is among the most value-adding elements of Start-Up Brasil. Felipe Matos, initiative COO, explained:

On one hand, the Government finances the most important costs for startups, which are the people; on the other hand, the accelerators offer management support and the pathway for the startup to enter the market. This is the main advantage of the program: more than money, it offers contacts, training and mentorship in management, besides relationships and access to a network of companies and investors.

Matos also said that Start-Up Brasil plans to create an international hub in Silicon Valley, where startups will be able to work and expand internationally. The hub will be executed in partnership with Apex.

The 56 startups selected for the inaugural Start-Up Brasil program hail from a variety of industries, including education, health, logistics, tourism and energy. See the full list of the companies that made the cut below: