Tuesday 25 May 2010

National Innovation Day - 19th October, Brazil

Brazilian's National Day of Innovation is a statement that this country knows the important part of technology on economic growth. In search for better salaries the government can't just increase the minimum wages (which are around US$290 today, around 4 times lower than the necessary to have a decent life) because its economy (fragile as it is) might feel like retracting, the idea is to invest now in technological incubators -- which are company that help others to start by given cheap offices and some structure like telephone line, internet and computers -- that will open more space for IT developments and markets. These incubators have been a growing issue in Brazil for the past decade and now they are getting special attention: a new investment agenda from the national government and their own national day. Which isn't a national holiday yet but Brazil being Brazil it might in the near future.. (joke)

For your own research here is the number of the law cited above:
- Innovation Day law number 12.193, from 15 May 2010

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