During my visit to The Hub Sao Paulo, I spoke with Gilberto Jr., co-founder of Amanaie,  about the role of the Brazilian government in fostering innovation. He said that although the government has committed significant resources to hi tech investments, the money isn’t getting where it is supposed to go. Jr also challenged the notion that there are no startups in Brazil. Along with a small group of partners, Jr. launched a Web site called Startupi, which he said is like a Brazilian TechCrunch. Each week, Startupi profiles 5-10 homegrown startups.

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