Entrepreneurship in Brazil

Entrepreneurship in Brazil is playing an important role in the countries economic and social future. Small and medium enterprises in Brazil account for 96% of the jobs. Supporting entrepreneurship throughout the country would also support and begin to employ a large unemployed  young demographic.  36% of Brazil’s population unemployed are between the ages of 18-24. The development of small businesses has also keyed in on more sustainable development. The government is also finding ways to support the business development through “project support start-ups”. Brazil’s Financing Agency for Projects and Studies supports the project support start-ups that will disperse $65,000 to startups that are focused on innovation.

The interest in entrepreneurship and growth also encounters difficulties by the Brazilian political structure and lack of education surrounding entrepreneurship. According to the “Doing Business rank” in the World Bank’s Doing Business project, Brazil is 129 out of 183 countries. It takes 120 days to start a business, along with the wait there is a complex tax system for entrepreneurs. [1]

[1] http://www.entrepreneurship.org/en/resource-center/brazils-entrepreneurship-boom.aspx

A Grassroots Woman Leader and Entrepreneur from Rio de Janeiro

For more information on Entrepreneurship in Brazil

http://www.endeavor.org/network/countries/brazil/1 

http://ree.stanford.edu/archives/archive09/latinamerica/presentations/seabra-secondary_edu.pdf