On June 16, 2026, Brazil's BNDES and Finep opened a public call to select the manager of FIP Conexões Startups, a fund targeting R$250 million (BNDESPAR contributing R$40-100M; Finep up to R$50M via FNDCT). The fund backs startups with up to R$20 million in annual gross revenue that have already received support from public grant, subsidy, or acceleration programs, with part of the capital reserved for the North, Northeast, and Center-West regions.
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BNDES and Finep launch FIP Conexões Startups, a R$250M startup fund
Why this matters for founders
Founders of scalable startups that have gone through grant, subsidy, or acceleration programs should keep that track record documented and map the venture-capital managers bidding for the mandate, positioning themselves in the fund's deal-origination pipeline as soon as a manager is chosen.
Source: Startups.com.br
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