Sebrae provides R$ 45 million for innovative small businesses

Sebrae will have R$ 45 million, through a public notice (access the link), to invest in funds that want to participate in the project “Capitalizing innovative companies”. “In addition to promoting new practices by micro and small companies, Sebrae will start investing resources in innovative small businesses; we are acting strategically to ensure more competitive companies”, explains the director of Administration and Finance and acting president of Sebrae, Vinicius Lages.

One of the biggest challenges for young innovative companies is access to capital. At least 40% of startups that closed their doors in the last three years pointed to the difficulty of accessing capital as the main reason for this decision. This reality was evident in the research carried out with companies from the InovAtiva Brasil program, the largest Brazilian startup pre-acceleration platform.

The survey surveyed 1,044 companies last December, mainly startups in Information and Communication Technology (31%), Software Development (21%) and Services (18%). Of these companies, 30% informed the decision to close the doors. The survey was carried out by Sebrae and the Ministry of Industry, Foreign Trade and Services (MDIC), partners in InovAtiva Brasil.

A Small Innovative Business is a company with CNPJ and incorporated as an Individual Limited Liability Company (EIRELI), Limited Liability Business Company (LTDA), Private Limited Company (SA) or Individual Microentrepreneur (MEI). In addition, it must qualify as a micro-enterprise or small business that performs an innovative activity.

Notice

According to the public notice, Sebrae will select up to five funds to participate in the project based on the grade obtained by each one, according to the analysis of the classification criteria. In addition, the institution will have the discretion to define the amount to be invested in each chosen fund. By the rules, the funds must already be regularly constituted in the form of Equity Investment Fund - Seed Capital or Multistrategy or Intensive Economic Production in Research, Development and Innovation (FIP-PD&I), according to the Instruction of the Securities and Exchange Commission (CVM) . Application deadline is August 1st.  

The sum of the committed equity and the equity of the Fund must be, at least, R$ 50 million and Sebrae will participate as a quotaholder, and its resources must be fully allocated to small businesses. To consult the notice, access the link.