This week’s topics: a startup accelerator is searching for unicorns in the Amazon while protecting the rainforest; researchers build an anti-coronavirus robot; data privacy remains low on lawyers’ priority lists.
The Amazon rainforest is known for its abundant resources, but the region’s economic isolation has seen it lag behind the rest of Brazil in development terms. However, believing there is potential for innovation in the country’s largely poor North region, startup accelerator AMAZ is looking to find potential unicorns while fostering sustainable economic models in the rural Amazon.
Origin story. The initiative is a spinoff of the Partners of the Amazon Platform (PPA), a collective action hub that has accelerated 12 companies in the last two years. As an impact accelerator, AMAZ wants to support entrepreneurs to overcome the region’s challenges by forging links between businesses and future investors.
Blended finance. By helping to connect startups with future investors, AMAZ’s financing mechanism is a blended fund, receiving resources from foundations, institutes, and private investors. Some of its many partners are major Brazilian companies such as Vale, JBS, and Mercado Libre.
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