A survey found a 16 percentage point rise in the number of Brazilian corporations investing in startups.
Brazil-based corporations are increasingly active in venture investments with two unit launches in the past week and a survey of 68 businesses revealing more are investing in startups.
Brazil-based conglomerate Algar has set up a corporate venturing unit to cover its main sectors.
Algar Ventures will cover information and communication technology (ICT) on behalf of Algar Telecom and Algar Tec; agribusiness for Algar Agro and Farming; services for Algar Aviation, Algar Security and ComTec; and tourism for the conglomerate’s River Hot Group.
The fund…
