Investor Presentaiton
THE THIRD WAVE: SUSTAINABLE INNOVATION
For the past decade we have been working to strengthen the innovation system in Minas Gerais,
by investing in our fundamental assets, starting with our 11 federal universities, 2 state
universities, and 9 technological institutes. The Federal University of Minas Gerais (UFMG) is
the source of many of the innovative start-up enterprises in the business incubators of Inova,
Habitat, and Insoft, and it gave birth to numerous successful companies in Belo Horizonte such
as Labtest and Akwan. In 2005 Google acquired and converted Akwan into its Brazilian
Research and Development center and its Latin American New Business Development
headquarters. UFMG recently spawned BH-TEC, the Belo Horizonte Technology Park, as a new
home for many fast-growing innovative firms. Technology parks and business incubators are
now proliferating throughout the state, mainly near university campuses, in Vicosa, Itajuba, Santa
Rita do Sapucai, Lavras, Araxa, and many other communities.
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