Brazil Special Report: VC Awaits Big Breakthrough

Brazil Special Report: VC Awaits Big Breakthrough

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by Jason Mitchell At the start of the decade, just 135 incubators – buildings or studios set up for budding entrepreneurs, often linked to universities – had been set up in Brazil, while more than 400 exist today, according to the Brazilian Venture Capital and Private Equity Association (ABVCAP). The incubators are home to some 4,000 start-ups, according to the Genesis Institute, an incubator attached to Rio de Janeiro’s Catholic University.ABVCAP’s president, Luiz Eugenio Junqueira Figueiredo, says that 15-20 venture capital (VC) groups now exist in Brazil and that they have raised between 500 million and a billion reais since the year 2000. “The average venture ca

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