Innovation and Venture Capital Policy in Brazil and South Africa


  • Krista Tuomi American University
  • Lopo De Castro Neto American University



Brazil, South Africa, Innovation, Venture Capital, Policy Constraints


This paper examines what constrains and what augments innovation in emerging markets, with a focus on the role of venture capital. It analyses what policy options are open to the government to facilitate innovation. To do this it looks at two country case studies: Brazil and South Africa.


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Author Biographies

Krista Tuomi, American University

Krista Tuomi is currently a professor in the International Economic Policy program at the School of International Service, American University, Washington DC. Prior to this she lectured on economics and development at the University of Cape Town, South Africa. Her policy work focuses on issues ranging from foreign direct investment and innovation, to governance capacity and growth constraints.

Lopo De Castro Neto, American University

Student at American University’s School of International Service specializing in International Economic Policy with a regional focus on Latin America and Brazil. Specific interests include industrial policy and international trade




How to Cite

Tuomi, K., & De Castro Neto, L. (2013). Innovation and Venture Capital Policy in Brazil and South Africa. Journal of Technology Management & Innovation, 8(2), 35–46.



Research Articles