Brazils Technology and Innovation Leaders

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Webnar Innovation in Brazil Wednesday, August
27th 2008
Brazils Technology and Innovation Leaders
Antonio José Junqueira Botelho PhD Research
Director, NEP Genesis - Research Unit on
Entrepreneurship, Venture Capital and
Innovation Professor, Pós MQI - Graduate Program
in Innovation, Metrology and Quality PUC Rio
University, Brazil abotelho_at_puc-rio.br (55-21)
3527 1673

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Science and Technology in Brazil 

• 15th ranking of scientific publications (2.02 of
  total)?
• In 17 engineering areas, Brazil shows strengths
  in
• space science and and oil gas engineering
• 25th ranking in citations
• 4,000 doctorates per year
• 270 business incubators
• Over 6,000 firms grraduated into market
• Total revenues US 1.3 billion

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Technology clusters in Brazil 

• Campinas
• Telecom and software
• Biotech
• Rio de Janeiro
• Oil and gas engineering
• Software and computer graphics
• São Paulo state
• Engineering
• Software for finance
• Energy
• Minas Gerais
• Biotech
• Software

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Science and Technology in Brazil 

• Strong technology markets
• Oil gas
• Agribusiness
• Aeronautics and aerospace
• Banking finance
• Favorable early stage investment environment
• Low-interest rates, stock market plunging
• Massive induced start-up creation (Finep-PRIME)?
• University Research Fund (Ministry of Education)?
• Active individual angel investors multiplying
• New angel groups (São Paulo, Bahia,
  Florianópolis)?

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Innovation Institutional Framework

• Innovation Law (2004)?
• Allows federal university profs. to temporary
  leave to create start-up
• Allowed direct RDI grants to firms
  (FINEPSubvenção Econômica)?
• FINEP Brazil Innovation Agency
• Angel investment promotion-CD for angel
  investment awareness
• Local Seed Capital Funds (Inovar Semente)
• BNDES National Social and Economic Development
  Bank
• Criatec Seed Capital Funds
• Ministry of Science and Technology
• PACTI ST Action Program 2007-2010
• ABDI Industrial Development Agency
• Production Development Program PDP
  Brazil's industrial policy
• Strategic priorities

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Gavea Angels Rio de Janeiro (founded 12/2002)?

• Investments to date
• Publit - publish-to-market (4 investors)?
• Bizvox voice recognition (2 investors)
• Riopass fidelity tourist card (2 investors)
• Critical support to angel inestment concept
• diffusion and new groups start-up and early
• evolution business model
• Government lobbying
• Development of educational material in
• partnership with PUC Rio

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Successful Start-up exits

• Bematech (Paraná state)?
• University-based start-up (UFPR / PUC PR)?
• Angel investment
• Public and private VC
• IPO in 2006 Angel investment est. IRR of 3,000
• RD facilities in Taiwan
• Gavea Sensors (Rio de Janeiro state)?
• University-based start-up (PUC Rio)?
• Petrobras lead client
• Strong IP based on continuing RD with PUC Rio
  lab
• Sold to Lupatech, upcoming VC-backed IPO, OG
  services

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Successful Start-up exits
AKWAN - search engine university start-up led by
lecturers backed by VC sold 100 to Google 28 x
return TAKENET - celular software spin-off from
comercail venture started with ring-tones sold to
Japanese for US50M
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Thanks Antonio Botelho abotelho_at_puc-rio.br (55-2
1) 3527 1673