Startup Brasil – []accelerate your business in Brazil

Accepts international applications. Mix of government(no equity) and accelerator(equity) funding.

Startups get up to ~85k usd funding from government for R&D, no strings attached. Startups get invested and accelerated by accelerators (capital/equity varies according to accelerator)

Here is an explanation about the program. [1]

[1] http://www.startupbrasil.org.br/programa/?lang=en