Innovative region: Brazil
“An important gap in financing innovation in Brazil is the quasi-absence of VC funds,” wrote Robson Braga de Andrade, president of Brazil’s National Confederation of Industry, in the Global Innovation Index 2020: Who Will Finance Innovation, a report produced by Cornell University, INSEAD and the World Intellectual Property Organisation.
Braga de Andrade said VC activities represent only 0.01% of Brazil’s gross domestic product, citing the Brazilian Private Equity and Venture Capital Association’s research, in comparison with 0.3% in the US…
