Entrepreneurship Panorama in Brazil - Presented at the Best Practices Seminar at Plug and Play Tech Center, Sunnyvale, CA
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Entrepreneurship in Brazil has seen significant growth, with a notable rise in opportunity-driven ventures and the establishment of over 400 incubators by 2009. The private equity and venture capital sector reflects a strong expansion, managing $34 billion in committed capital and supporting numerous small and medium enterprises. Notable case studies include Buscapé, a leading shopping comparison site, which achieved significant market consolidation and a lucrative sale.
Entrepreneurship Panorama in Brazil - Presented at the Best Practices Seminar at Plug and Play Tech Center, Sunnyvale, CA
- 1. Entrepreneurship in Brazil FGVcenn Centre for Entrepreneurship and New Venture Creation Rene Jose Rodrigues Fernandes
- 2. Entrepreneurship in Brazil GEM (2008) - 13th out of 37 countries Early-stage entrepreneurial activity (TEA) is 12.0 15 Million Entrepreneurs according to SEBRAE +400 Incubators Growth of technology parks Quick development of Centres for Entrepreneurship Improvement of regulatory issues Recent laws allowing universities to transfer tech In 2009, the number of opportunity driven ventures surpassed those that were necessity driven
- 3. PE&VC in Brazil – Dec/2009 Investors Managing Organizations Portfolio Companies US$ 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)
- 4. 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
- 5. 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.
- 6. • 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
- 7. Case: One Natural Experience (ONE) • 2005 La'n Moot Corp Winner • Angel Investment in California • Sold to PEPSI
- 8. Discussion Rene Jose Rodrigues Fernandes rene.rodrigues@fgv.br TwiGer: @renejrfernandes