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$8 million in innovative startups using blockchain

Brazil government to invest $8 million in innovative startups using blockchain

Registration dates

The project is currently in the second round, this start on January 7, to apply stakeholders must enroll in the financial studies and projects (Finep), February 28 is the last day to make entries on the Finep website.

Proposals must be within the following topics in order for them to receive funding:

  • Circular economy,
  • Electronic games,
  • Fintech
  • Mining
  • Oil
  • Chemistry and biologically based materials.

But you can also enroll companies that include Blockchain, Artificial Intelligence, Nanotechnology, Virtual Reality, and Microelectronics.

In addition, to participate in the project of having an MVP (Minimum Viable Product), any project that does not have it, is in the idea or research phase, will be rejected.

The objective of this investment is to strengthen the National System of Science, Technology and Innovation, creating skilled jobs that generate profit for the country.


Brazil, Future cryptocurrency paradise?


In addition, Brazil is increasingly known for its wide acceptance of the technology that implements Blockchain and cryptocurrencies, as it points out with its latest creation, an indigenous cryptocurrency nicknamed "Bitcoin of the Indian", an operating company as a social cryptocurrency that is intended to circulate among the Brazilian indigenous population.

According to another means, the objective of the contract was, among other things, "to carry out a study and diagnosis of the socio-economic viability for the creation of an indigenous cryptocurrency; development and implementation of the cryptocurrency platform."

However, the new government led by Jair Bolsonaro, which started its post on the first day of 2019, has not given its public opinion on cryptos. However, the government has taken regulatory-related actions.


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