Busbud has been selected by Brazil’s Comitê Gestor da Internet (CGI) and the Canadian Digital Media Network, as one of ten companies representing Canada at the Brazil-Canada 3.0 conference from December 4th – 6th, 2013.
The program will include opportunities to meet with potential customers and investors from Brazil, as well as the ability to learn about the Brazilian market from companies with experience in country. The Canadian and Brazilian companies will also take part in a pitch-off competition on December 3rd, with OpenText sponsoring the winning companies attendance at the Canada 3.0 conference, taking place in Calgary May 26th – 28th, 2014.
“This is a great opportunity for Busbud to enter the Brazilian market” said Kevin Tuer, Managing Director of the Canadian Digital Media Network, “Brazil is the seventh largest domestic IT market in the world, and as the host of the upcoming World Cup and 2016 Olympics there will be even greater opportunities going forward.”
Ricardo Sordre, CEO of the Brazilian accelerator Project-1, added “Many large Brazilian companies are in need of technologies that are not available in country, and Canadian companies can help fill that need in the fast-growth, high demand Brazilian market.“
Brazil represents an exciting new market for Busbud. “We are thrilled to participate in the event and eager to make new connections in Brazil with investors and partners alike!”, said LP Maurice, CEO of Busbud.
6Harmonics, ESL Explorer, fSONA Networks, Linquet, Magnet Forensics, Turnstyle, PO-MO, Xomo Digital and Zighra are the other companies chosen out of 164 applicants by a panel consisting of Ricardo Sodre (Project 1), Kevin Tuer (CDMN) and Sid Paquette, the Director of OMERS Ventures. The diverse group comes from across the country, and includes the retail, wireless, security, education and tourism sectors. The companies selected are high growth SMEs, with average revenue of $1.3 million that is projected to increase markedly over the next year through international expansion.
For more info, view the press release.