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Presentation on the panel “Silicon Valley Recipe: Enhancing the High-Tech Ecosystem in Emerging Markets” about the panorama of entrepreneurship and venture capital in Brazil, with cases.
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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
