The public call to select a manager for the FIP Conexoes Startups closed on Aug 12, 2026 with 19 proposals from fund managers. The vehicle will mobilize up to R$250 million for early-stage startups (annual gross revenue up to R$20 million), with BNDESPAR committing up to R$100 million and Finep R$50 million; the final manager selection is due by Nov 23, 2026.
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BNDES-Finep get 19 bids to run R$250M FIP Conexoes Startups fund
Why this matters for founders
Founders who have completed public innovation programs (Centelha, Tecnova, Subvencao Economica, Mulheres Inovadoras, Mais Inovacao or BNDES Garagem) are the fund's priority targets, so completing those programs now positions a startup to be first in line once the FIP begins investing in 2027.
Source: Startups.com.br
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