Entrepreneurship Panorama in Brazil - Presented at the Best Practices Seminar at Plug and Play Tech...

Entrepreneurship in Brazil

FGVcenn Centre for Entrepreneurship and New Venture Creation

Rene Jose Rodrigues Fernandes

Entrepreneurship in Brazil

GEM (2008) - 13th out of 37 countries Early-stage entrepreneurial activity (TEA) is 12.0 15 Million Entrepreneurs according to SEBRAE

+400 Incubators Growth of technology parks Quick development of Centres for Entrepreneurship Improvement of regulatory issues Recent laws allowing universities to transfer tech

In 2009, the number of opportunity driven ventures surpassed those that were necessity driven

PE&VC in Brazil – Dec/2009

Investors

Managing Organizations

Portfolio Companies

US$ 34 bn Committed Capital

140 PE&VC Firms 236 Investment Vehicles 1,747 Professionals and Staff

554 Portfolio Companies From 2005 to 2009: •  489 new/follow-on investments •  37 backed IPO’s (R$31.3bn)

283 323 392

480 554

0

100

200

300

400

500

600

2005 2006 2007 2008 2009

Strong Expansion of Portfolio Companies, predominantly SMEs

14%p.a. CAGR 2005-2009

Nr. of Portfolio Companies

Case: Buscapé

• Leading shopping comparison website in Latin America. • Founded in 1999 • Received venture capital investment, • Consolidated the market • Sold to the South African group Naspers in 09 for US$374M.

•  09  Entrepreneurs  Fori  (+150)  

•  10th  La7n  Moot  Corp  Business  Plan  Compe77on  (350)  

•  6th  Entrepreneurship  Week  (+4500)  

•  5th  Prêmio  SUMAQ  Social  Entrepreneurship  Prize  (40)  

•  3rd  Idea  to  Product  Compe77on    (150)  

•  4th  Prêmio  Empreendedor  de  Sucesso  Pequenas  Empresas  Grandes  Negócios  (+400  companies)  

•  Workshops:  Franchising,  Business  Plans,  Credit...  (+  150)  

FGV Centre for Entrepreneurship 2010

Case: One Natural Experience (ONE)

•  2005  La'n  Moot  Corp  Winner  •  Angel  Investment  in  California  •  Sold  to  PEPSI  

Discussion

Rene  Jose  Rodrigues  Fernandes  rene.rodrigues@fgv.br  

TwiGer:  @renejrfernandes