"MIT: a Source of Inspiration for Brazil's Innovation Drive", Declares Mario Garnero, Chairman of Brasilinvest

Apr 11, 2012, 18:06 ET from Forum das Americas

SAO PAULO, April 11, 2012 /PRNewswire/ -- As Brazil's President Dilma Rousseff and MIT's President Susan Hockfield met this week in Cambridge, MA, "a new, strategic alliance may be in the making," said Mario Garnero, Chairman of Brasilinvest, Brazil's foremost merchant bank. Garnero considers the emphasis on science and innovation President Rousseff so strongly stressed during his official visit to the United States this week "a milestone in Brazil's political discourse towards a more tech-intensive society."

Garnero added that "Brazil has a lot to learn from MIT's professors and textbooks - and even more from the way MIT has been able over the years to be a truly generator of disruptive technologies, global brands and wealth."

MIT has partnered with Brasilinvest in promoting conferences on Latin America's development strategies. In its 2012 edition held last March at MIT's Sloan School of Business, Garnero seized the opportunity to launch the "Campinas, Technology Capital of BRICS" Project.

Campinas, about an hour drive from Sao Paulo, is home to some of Brazil's more important R&D centers, knowledge-intensive industries and universities. It has been officially declared a "Global Hub of Innovation" by the United Nations Development Program 2001 Report. "Campinas ranks high in the so-called 'Technology Achievement Index' proposed by Nobel Prize Laureate Amartya Sen," Garnero indicates.

An accomplished innovator himself - Garnero is a widely acclaimed pioneer of biofuels, mobile phones and computers in Brazil -, the Chairman of Brasilinvest believes there is an additional value-added benefit in the relationship with MIT. "It is not only about the hard sciences, math and technology. It is especially about management. And in today's world management comes before capital. That is also why MIT is such an inspiration for Brazil's current innovation drive," he highlighted in his keynote opening speech at the MIT XV Latin America Conference.

Anamelia Meirelles
T: +55-11-3094-7984

SOURCE Forum das Americas