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Economic development

Rio Grande do Sul's Innovation Ecosystem Sees Significant Growth with R$10,980,000 Investment

Strategic Insights

— 1 min read

As the Brazilian state of Rio Grande do Sul continues to rebuild from the devastating floods of 2024, it has made significant strides in strengthening its innovation ecosystem through the Anjo Equity Investment Fund (FIP), receiving R$10,980,000 in investments from the National Bank for Economic and Social Development (BNDES) and other state institutions. The fund aims to accelerate local startups, create jobs, and attract innovative projects to the region, reversing the traditional outflow of talent.

Key Takeaways:

  • The Anjo Equity Investment Fund (FIP) has reached R$10,980,000 in investments, with a target of raising R$20 million through a follow-on offering.
  • The fund has selected 12 startups for investment, with a focus on promoting technological and economic development in the post-flood recovery scenario.
  • Badesul, a development agency, has subscribed R$5 million since 2019 and invested over R$10 million in 12 local startups.
  • BRDE, a regional and national leader in innovation financing, has invested R$47 million of its own resources and financed R$123.5 million in innovative projects across the country.
  • Banrisul has committed approximately R$20 million to startups and supports programs like InvestMatch and FineHub to foster innovation.
  • DOMO.VC, an asset manager, has already invested in six companies in Rio Grande do Sul and is committed to supporting local entrepreneurs through the Angel Fund.

Statistics:

  • R$142 million in committed capital across 70 companies in FIP Anjo
  • R$10,980,000 in investments received by FIP Anjo
  • R$4.2 million in follow-on offering submitted to date
  • R$20 million target for R$10 million already committed in FUP Anjo
  • Over R$10 million invested by Badesul in 12 local startups
  • R$47 million invested by BRDE in its own resources and R$123.5 million in innovative projects

Sources:

  • https://estado.rs.gov.br/recorde-de-investimentos-do-governo-do-estado-impulsiona-o-ecossistema-de-inovacao-apos-as-enchentes
  • National Bank for Economic and Social Development (BNDES)
  • Badesul
  • Banrisul
  • Development Agency
  • DOMO.VC

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