Bossanova, which invests in startups in the pre-seed stage across the country, and Sebrae Santa Catarina today announced INOVA, a partnership that will provide R$ 20 million to boost innovative startup businesses in the South region and elsewhere.

“Our mission has always been to democratize access to capital to give more opportunities to other companies and be able to count on Sebrae in this project. It makes us sure that we are on the right path to help startups to evolve and conquer other opportunities. With all our know-how and that of partner companies, I am sure that INOVA will be a success”, says João Kepler, CEO of Bossanova Investimentos.

The project will include startups focused on B2B, with more than a year and a half of foundation. In addition, who have already found the PSF (problem-solution-fit) through products or services that are already validated; with sales of at least R$20,000 per month and close to break-even; deals with SaaS models and which have already undergone acceleration or received an angel investment, among other points, reported Fintechs Brasil, Blocknews partner site.

Bossanova and Sebrae will invest up to R$800 thousand per startup

Those selected will have the benefit of a financial contribution that can reach R$ 800 thousand per company. In addition, they will have mentoring and connections in a program dedicated to the development of startups that will take place in three phases, with an expected duration of ten years.

Sebrae/SC will contribute R$ 3.5 million to the program in 2021 and 2022, and Bossanova and its partners will invest the rest of the resources. The part of Sebrae/SC will go to startups with headquarters or branches in Santa Catarina, while Bossanova’s will go to startups with headquarters or branches in other states.

“Our goal is to further strengthen and strengthen Brazilian startups. Encouraging the growth and development of startups, even more in a pandemic context, is essential to promote employment and income”, says Carlos Henrique Ramos Fonseca, superintendent director of Sebrae SC.