How Brazilian startup program SEED lost track, and why it matters

Apr05

by Sindy Cator on April 5, 2015 at 5:15 pm

Posted In: Analysis and Opinion, Around the Web, Insider, Investigations, Latin America

There has been a huge uproar this week in Brazil’s startup scene around the fate of SEED, whose name stands for ‘Startups and Entrepreneurship Ecosystem Development.’ Once one of the country’s leading acceleration programs, it saw its co-working space abruptly shut down a few days ago. SEED was a publicly financed initiative launched in 2013 by the state of Minas Gerais in its capital city of Belo Horizonte (familiarly known as BH). While it quickly earned praised from the startup world, it appeared under threat since Brazil’s general election last October, which brought a new state government. Although officials still insist that…