Economy

Latin America’s most innovative companies have one trait in common: they’re all Brazilian

When it comes to innovation in Latin America, Brazil is paving the way, having eight of the 20 most innovative companies in the region, according to a new report by Visa Innovation Center.

The leading companies in the study are not concentrated in one single sector, but all have something in common: they consider innovation as part of their culture, aiming to change and disrupt traditional mindsets. The report shows that 80 percent of them have a dedicated innovation team, and use application programming interfaces (APIs) as a means of integration; they also show increasing collaboration with startups, known for their leaner and more nimble structures.

Particularly in the case of the Brazilian companies, they also focus heavily on new technologies: “In comparison to other markets in the region, Brazilian firms are leaders in high-tech innovation. Their businesses have incorporated...

TBR Newsroom

We are an in-depth content platform about Brazil, made by Brazilians and destined to foreign audiences.

Recent Posts

Explaining Brazil #291: Lula’s farming feuds

The relationship between farmers and the Luiz Inácio Lula da Silva administration is by no…

1 day ago

The legacy of Ayrton Senna, 30 years on

Pelé, Ronaldo, Zico, Marta … All of Brazil’s truly immortal sporting icons are footballers, that…

1 day ago

Brazil and Paraguay deadlocked over Itaipu dam

Speaking before a Senate hearing on Tuesday, Chief of Staff Rui Costa admitted that Brazil…

2 days ago

Brazil’s job market remains strong despite unemployment uptick

The country's unemployment rate rose to 7.9 percent in March due to seasonal reasons: more…

2 days ago

Brazil wants to know more about its domestic workers

Brazil officially had 5.83 million domestic workers in 2022 — almost the entire population of…

2 days ago

Brazil’s latest Covid vaccine purchase comes too late

Brazil’s Ministry of Health this month announced a purchase of 12.5 million doses of Moderna’s…

3 days ago