Monday
October 19
2020

Brazil’s Black Silicon Valley Could Be an Epicenter of Innovation in Latin America

By Paulo Rogério Nunes, Tara Collier

Over the last five years, Brazil has witnessed a startup boom.

The main startups hubs in the country have traditionally been São Paulo and Belo Horizonte, but now a new wave of cities are building their own thriving local startup ecosystems, including Recife with Porto Digital hub and Florianópolis with Acate. More recently, a “Black Silicon Valley” is beginning to take shape in Salvador da Bahia.

While finance and media are typically concentrated in São Paulo and Rio de Janeiro, Salvador, a city of three million in the state of Bahia, is considered one of Brazil’s cultural capitals.

Photo courtesy of Photo courtesy of Victor Camilo.

Source: TechCrunch (link opens in a new window)

Categories
Technology
Tags
business development, startups