SEED Startup Companies Announced in Brazil
When it comes to individuals wanting to start a business in Brazil, the government has shown that it wants to help in any way possible. The announcement of the 40 startup companies chosen for the kickoff of the country’s SEED program is further evidence of this commitment to helping new businesses flourish in this amazing country.
Of the 40 companies that will benefit from this program, 29 are from within Brazil, with 11 coming from around the world. The SEED program is designed to give tech companies an incentive to open in Brazil. The nation wants to position itself as a leader in innovation, and this startup program is a great starting point.
Upon the announcement of SEED, companies from around the world applied, looking for funding and a welcoming place to start a new company. Applicants came from the US, Chile, Argentina, Peru, Italy, and India, though 80 percent of the applicants were from within Brazil’s borders.
Almost as quickly as the winners were announced, the application process for next year’s program was announced. This annual event could be a major win for the country’s tech industry, allowing Brazil to position itself as a leader in technology and innovation around the world. Of course, none of this would be possible if it weren’t for all of the interest in trying to start a business in Brazil. The country is growing in popularity for companies of all industries, as the government continues to make the business climate more welcome for start-ups.