Canadian Consulate promotes Tech Week, in Sao Paulo, with the goal of fostering partnerships between countries with focus on entrepreneurship and innovation
The Consulate General of Canada receives, from the 29th of September in Sao Paulo and Porto Alegre, the first edition of the “Brazil-Canada Tech Week: Fostering Innovation and Commercialization”. The goal of the event is to provide participants exchange information about how technology and innovation can accelerate the development of business.
The event will also formalize the Brazil-Canada partnership for development of small and medium enterprises by through “Bi-Lateral Exchange Program”: first program that undertakes to provide opportunities for Brazilian companies to enter the North American market, in a bilateral exchange within hubs of technology. The program is a partnership between the Canadian Digital Media Network (CDMN) and the Brazilian-Canadian company 1 Project with support from the Government of Canada and Ontario.
During the opening of Tech Week, partners disclose details how the program will work in practice and the benefits and incentives for companies from both countries. “Canada offers to Brazilian businesses a low-cost alternative in North America, with a workforce highly skilled and innovative, much lower corporate tax rates than major competing countries, strong support for innovation and research, easy access to international markets and ideal for doing business “, says Stéphane Larue, Consul General of Canada in Brazil environment.
Canada is considered one of the best business environments in the world, with the lowest federal tax rate in the G7. Only the province of Ontario (whose capital is Toronto) generates 37% of GDP and is where they are almost 50% of all employees in high technology, financial services and other knowledge-intensive sectors. It houses the largest center of Information Technology and Communication (ICT) Canadian with 48% of revenues from the tobacco industry. Among all Canadian and American states, Ontario has the second largest number of IT companies, behind only California. Ie Ontario has more IT companies than New York, Texas, Massachusetts and other hubs in the United States, and has 270,000 people working in the sector.
“It’s time to build a better understanding of Canadian and Brazilian ecosystems to predict future opportunities, challenges and cooperation. Our goal is to encourage interaction between companies from both countries to share synergies and complementarities in promoting entrepreneurship and innovation. “Says Todd Barrett, Commercial Consul responsible for promoting trade between Ontario and Brazil.
Tech Week was organized as a week-long event where Canadian experts travel between São Paulo and Porto Alegre to share their experiences in innovation. Canada sees great potential for new collaborations with Brazil in the fields of science, technology and innovation and want to explore these opportunities for exchanges and partnerships.
The event starts on the 29th in Sao Paulo, where six panels occur with participation of Canadian and Brazilian businessmen to explore the potential of concrete partnerships between innovation clusters. Private sector firms may interact with some of the most successful centers of innovation, entrepreneurs, investors and executives from both countries. During programming, are still exposed some cases of Canadian Start Ups in different areas, who managed significant growth with technology and efficient management.
Programming in São Paulo continues until October 1st and have continuity in Porto Alegre between days 2 and 3, when Canada is invited to attend the 8th Cultures of Innovation Seminar, to be held at the Pontifical Catholic University of Rio Grande do Sul (PUC-RS).
The event was organized by the Government of Canada, in partnership with the Canadian states of Ontario and Quebec and support of Air Canada Chamber of Commerce Brazil-Canada, the Support Center for Innovation Management (Nagi) -PUCRS, Tecnopuc, Stefanini , Cisco, Modulo, OpenText and D2L. The Brazilian-Canadian company Project 1, the main partner in the bilateral program, as well as promoting the exchange between the two markets, will collaborate with the establishment of the Canadian companies participating in the program.
Market on the rise
The commercial relationship between Canada and Brazil have shown strong growth in recent years, particularly in the areas of education, science, technology, innovation and investment. Since 2009, bilateral trade between our countries expanded more than 45% to $ 6.1 billion last year CD, CD with $ 2.47 billion of Canadian exports to Brazil CD and $ 3.62 billion of Brazilian imports in the market Canadian. Brazil is the 12th largest destination for Canadian exports and 13th largest exporter to Canada.
In 2011, Canada and Brazil have established a joint committee for cooperation in science, technology and innovation. This important mechanism leads collaborations between the two countries. The committee is composed of representatives of both governments and members of academia and industry; were also established working groups to drive initiatives in five priority sectors (ICT, life sciences, clean energy / green technology, ocean technologies and nanotechnology)
In 2012, Brazil was considered the 17th largest trading partner Ontario, Canada’s largest province in terms of population and GDP. In the same year, the bilateral market resulted in an amount of 1.8 billion dollars. The Brazil stood at 14th in the list of countries importing Ontarians products, which means a total of 452.4 million dollars in exchange.
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