The ABCC LAB Mission 2023, "Innovation Ecosystems in Qatar & the UAE," to occur from February 26 to March 3, 2023, will aim to develop Brazilian startups in the Arab world by connecting the innovation ecosystems of the two regions.
The Brazilian innovation ecosystem is the most evolved in Latin America. It’s a robust ecosystem composed of startups, research promotion, entrepreneurship hubs, incubators, accelerators, coworking spaces, training institutions, investment networks, and funds, that features quality and capacity to boost the country’s development. The country is the destination of almost 50% of the foreign investments in businesses in the region, and the number of unicorns (companies that reach market values over USD 1 billion), such as iFood, Nubank, 99, and others, have grown year after year. In Brazil, the main markets of startups are education and finance, known as Edtechs e Fintechs.