The Grand Signal

A digital magazine covering the intersection of technology, human rights and social change.

Brazil gov’t funnels investment dollars into cyber-security startups

October 23, 2013 | Written by The Grand Signal
Photo courtesy of World Bank |

Brazil was one of many emerging nations that took political offense to Obama’s position and wrecklessness in handlindg the NSA scandal. They’ve taken to the Latin American Valley to do something about it.

The secretary of IT policy at MCTI, Virgilio Almeida recently told a local newspaper that the government is creating and funding venture pools built specifically for this sector. The Brazilian government has already replaced Microsoft Outlook for a locally developed alternative that offers added encryption technology and innovativer security procol.s

‘The secretary told the paper at the Seoul Conference on Cyberspace that the MCTI will nurture between 10-15 companies that can get up to R$200,000 in funding ($92,043) as well as acceleration and mentoring.’

via zdnet

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