By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – At the beginning of 2018, Brazil announced its very first "unicorn" company, transportation-based app 99. By the end of the year, the country already had six companies with a market value of US$1 billion or higher and with it international investors taking a hard look at Brazilian companies.

“In the last ten years Brazil has exploded in the number of startups, venture capital funds and large corporations created, doing open innovation,” Bruno Rondani, founder and CEO of 100 Open Startups, told The Rio Times.

“We created the first . . .

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