[ad_1]
Welcome to Tech Roundup. We bring you the biggest stories about technology and innovation from Brazil and Latin America. This week: The region’s first investment fund focused on government technologists has made over 80 million reais in available resources.
Latin America’s first government-led startup fund
Led by asset management companies KPTL and Sedro Capital, Latin America’s first fund dedicated to startups focused on government and mass public services in areas such as health, education, security, housing and urban planning, will have an investment of R$200. A funding goal of $1 million (US$40.2 million) is nearly halfway through.
How it’s played. The fund, officially called Brazil FIP Capital Cemente, has started raising capital from private investors including technology companies Positivo and Multilaser. This allows tax benefits from national IT laws earmarked for research and development to be channeled to start-ups and government research and innovation funding agencies. such as Aguerio in Rio de Janeiro and Badesul in Rio Grande do Sul.
- In September, KPTL Fund…
[ad_2]
Source link
