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BNDES Allots Large Investment to Internet of Things Projects in Brazil
Through funds for innovation, the bank intends to finance projects in areas defined by the country's IoT Action Plan in the next three years.
Nov 06, 2017—
Despite the crisis and cost containment in Brazil, as determined by the government of President Michel Temer—which is wiping out ministries' budgets, as with the Ministry of Science, Technology, Innovation and Communications (MCTIC)—there is light at the end of the tunnel to continue the country's National Internet of Things (IoT) Action Plan. The National Bank for Economic and Social Development (BNDES) will use 500 million Brazilian real ($153 million) that is already available for investments in innovation, to fund IoT projects.
According to Ricardo Rivera de Sousa Lima, BNDES's sector manager, who is responsible for the IoT Action Plan, the funds are available through venture-capital funds and will be used throughout the next three years. "The National Plan will serve to guide these investments," Rivera says, "and one of the main focuses will be the health segment." The government's action proposal foresees that the country will try to insert an IoT network into each of the four vertical markets prioritized for the study: cities, health, rural and industry (see Brazilian Government Announces Internet of Things Study).
Criatec I has WTI Software, a company specializing in the development of intelligent solutions for residential automation and IT governance, through the control and monitoring of IT infrastructure assets. For Capital Tech, there is Ahgora Sistemas, a developer of software-as-a-service (SaaS) and hardware-as-a-service (HaaS) solutions in the area of human resources, with a focus on presence management, access control and location monitoring.
Also noteworthy is Criatec II, which develops basic electronics for chips with various applications in communication and automation, as well as Compass 3D. In the aerospace field, Desh Technology offers wireless communications solutions for various industrial machine-to-machine (M2M) applications, such as power system telemetry, and Geocontrol, which specializes in the creation, development and production of technologies for the areas of urban mobility and public safety. Inseed FIMA invested in Viridis, which offers an energy and utilities-management solution aimed at reducing the energy consumption of industrial plants.
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