Baguete: Startup Brasil: See the details.

The Ministry of Science, Technology and Innovation announced on Thursday, 28, the nine accelerators which will receive $ 18 million from the federal government in the first stage of the program Start-up Brazil.

Each of them will support 10 new companies with $ 200 thousand in federal funds, plus a variable amount of private investment from the accelerator in exchange for equity.

The accelerators that were selected are: Aceleratech, Microsoft, Papaya, Pipa, Wayra, FUMSOFT, Outsource, and StartYouUp 21,212.

AcceleraTech is headquartered in São Paulo and is supported by funds like Gavea Angels, HandSprint Capital, Anjos do Brasil e Mountain do Brasil.

See the full article here.

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