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Qualcomm takes part in Brazil IoT investment fund

Thursday 19 December 2019 | 17:09 CET | News
Brazil's Ministry of Science, Technology, Innovation and Communications announced the first IoT investment fund in the country, set up in a partnership of the National Bank for Economic and Social Development (BNDES) and Qualcomm. This initiative follows the recent legislation allowing R&D tax breaks for investments in innovative start-ups. The ministry said the instrument allows for a new form of public-private cooperation and support for science and technology.

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Categories: Mobile & Wireless
Companies: Qualcomm
Countries: Brazil
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