IBM Bets on Brazilian Innovation

August 21, 2009 at 3:09 pm

Big Blue’s new initiative to stimulate development of Brazil’s nascent tech industry is the latest sign of the country’s rising power (S. E. Ante, BusinessWeek, August 17, 2009)

Over the last few years, China and India have emerged as the twin hot spots of emerging tech innovation. Now IBM (IBM) is betting that one of the next big technology stars will be Brazil.

In the latest sign of Brazil’s rising power, Big Blue is announcing on Aug. 18 a new initiative to stimulate the development of the country’s technology sector. To kick off the effort, IBM is hosting its first-ever forum for venture capitalists and entrepreneurs in São Paulo along with FINEP, the Brazilian government agency that finances technology development. The daylong event will bring together more than 100 investors and dozens of new companies looking for investment and business advice.

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Entry filed under: Brazil, Business Development.

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