A major bottleneck in Brazil’s economic recovery remains a lack of long-term investment, hampered even further by double-digit interest rates. Yet, there are regions in the country that continue to attract investors despite the generally challenging situation. One of these is Betim, the third-largest city in the Belo Horizonte metro area, in the heart of the southeastern state of Minas Gerais.
Last week, Florida-based multinational company Jabil inaugurated an innovation hub that aims to foster hardware-development projects in the region. The idea is to promote projects to be launched directly on the market.
The hub will look to provide startups with support for technology development, prototype-making, and ways to find solutions on a larger scale.
“Hardware development is an area that has been losing a lot of space and we believe that one of the reasons is the fact that entrepreneurs often face numerous obstacles to...
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