By STAFF REPORT
The Brazilian government has wrapped up a partnership agreement with chip maker Intel Corporation as part of its efforts to promote software development in the country.
The plan call sofr Intel to spend $152 million over the next five years powering Brazil’s research and development (R&D) sector and increasing skilled human capital for the country’s information technology industry.
This is a major breakthrough in Brazil’s IT sector after President Dilma Rousseff unveiled a plan last year to spend $254 million to stimulate software development.
Following the agreement, Intel’s Software and Services Group will hire up to 80 engineers in the country over the next five years, and hopes to support 70,000 local software companies and 400,000 local software developers.
“The joint efforts create exciting opportunities to develop cutting-edge technology that will create breakthrough innovations in energy, transportation, education and software development and explore new growth markets,” said Justin Rattner, …
The high levels of talent and collaboration potential of Guadalajara, and its proximity to the United States were among the factors that impressed a dozen U.S. and Latin America delegates on a tightly run investor mission organized by Nearshore Americas, which took place last week. The cooperation between the government, the private sector and academia in Guadalajara’s investment ecosystem was repeatedly cited as one of its greatest strengths, with representatives of all three sectors giving a compelling case for investment during a tour of the city.
CINDE sets a high standard for investment promotion. Pilar Madrigal explains the group’s formula.