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Insights into Brazil's Silicon Valley

2020 Milken Institute Asia Summit

Insights into Brazil's Silicon Valley

Thursday, December 10, 2020
3:15 PM - 4:15 PM
Zoom Webinar

Those who think technology booms and innovation are limited to Silicon Valley need look no further than São Paulo, Brazil, where a new class of entrepreneurs is emerging. Driven by the 'crisis creates opportunity' formula, these innovators are addressing the most pressing challenges in one of the most tech-hungry regions of the world. With 136 million mobile phone owners and expanding internet usage--both ranked fifth worldwide--Brazil is driving demand for PCs and internet connectivity faster than China and India. Brazil has the world's third-largest stock exchange and there's no question why multinational companies including Google, Facebook (fourth-largest market globally, second for WhatsApp), and Uber have increased their investments in Brazil's high-tech business sector. Drawn to similar opportunities, tech companies across Latin America have become global leaders while disrupting traditional technologies--Nubank in digital banking, iFood in food delivery, and 99 in transportation are just three examples. Gain insights from dynamic entrepreneurs and investors who share their acumen on a sector in transformation and look ahead to further innovation across the region.