Start-ups in the Brazilian Innovation Ecosystem

Abstract

The article analyses the dynamics of start-up growth in Brazil highlighting the role of government, companies, venture capital and the innovation system in start-up policy. The most significant recent change in the Brazilian start-up ecosystem was the rise of growth-oriented entrepreneurship and start-ups. The 2021 Brazilian Legal Framework of Start-ups and Innovative Entrepreneurship is a milestone as it establishes mechanisms for the acquisition of products/services by the government provided by start-ups.