Brazil’s government-sponsored startup acceleration initiative Start-Up Brasil has opened up its second call for submissions. It will be accepting applications from startups from Brazil and all over the world through November 19th.
Launched at the end of 2012, Start-Up Brasil is a new initiative modeled, to a certain extent, on the highly-successful Start-Up Chile. It seeks to promote Brazil as a principal market for technology innovation and entrepreneurship. Unlike the Chilean program, which positions the country as a launching pad, the Brazilian initiative has been conceived for companies focused on the local market.
Start-Up Brasil is open to startups with innovative, technology-based solutions that have been operating for no more than three years. Selected companies may receive up to R$200,000 (around US$90,000) in investments and will work with one of nine Brazilian accelerators to grow and build their projects over several months.
In July, Start-Up Brasil revealed the list of startups that made the cut from its first call. A total 56 projects were selected – 45 from Brazil and 11 from abroad – to take part in its inaugural program. The startups chosen out of this second call will be announced in January 2014 (the acceleration process is slated to commence just a few weeks later).
You can also get an inside look at the types of companies the initiative is looking for and pick up some tips on applying in The Why, What and How of Applying to Start-Up Brasil According to Three Guys Who Got In (a hint from the piece: pay attention to formatting with proposals).
So there you have it. You’ve got until Tuesday, November 19th to submit your application to be part of the second Start-Up Brasil program. And take note, no third round has been announced yet, so this may be your last chance to participate for a while.