With 100 certified startups and more than 20 companies served in its open innovation processes, EVOX Global consolidates its thesis in less than two years from its arrival in Brazil.
EVOX Global, a multinational company that drives innovation in the corporate market through its solution and startup certification process, has announced a significant milestone: the certification of around 100 startups and the achievement of more than 20 large companies to support them in their open innovation journeys.
With a disruptive model, EVOX Global pitches 60% more security in the choice of solutions with innovative technologies, minimizing risks, shortening time and reducing costs for its customers.
Since its launch in 2019 and arrival in Brazil at the end of 2022, the company has been a catalyst in the market, implementing startup solutions in corporations to ensure that innovations with modern technologies provide high performance and competitive advantage for its customers.
The company has also advanced rapidly as an investor in startups, and one of the most striking examples of this strategy is the acquisition of a significant stake in Bitshopp, a startup specializing in blockchain technology that stands out for having a 100% whitelabel and agnostic platform, capable of tokenizing any type of asset in seconds, making it possible to implement and scale blockchain operations that were not possible before. The acquisition resulted in a significant growth of the startup with the conquest of new customers and new markets, proving the effectiveness of the model.
A high-profile use case of EVOX Global occurs with the client ELO in the DREX project, pilot of the digital real with the Central Bank of Brazil (Bacen) – ELO Consortium, which adopted Bitshopp’s platform, making it its technological partner. The initiative was made possible through the market demand brought by ELO, which identified Bitshopp’s solution on the EVOX Global platform. From there, they went through the entire governance process and reached the closing of the contract. EVOX Global is actively conducting the project with the startup in all stages of the pilot, ensuring safety and quality effectively, minimizing risks for the customer. This solid differentiator positions EVOX Global ahead in the open innovation market.
According to Gilmar Batistela, Founder and CEO, EVOX Global, Bitshopp’s success reinforces the company’s mission to boost startups with high potential.
“Our focus is to continue prioritizing the needs of our customers in an impartial way, with a disruptive and differentiated model, in which we deliver high-performance solutions and minimize risks for companies, shortening time and investment in open innovation. Among the 100 certified startups, 10 are already in a second phase of business with EVOX Global.
“First, EVOX Global closes the contracts between the startups and the clients, monitors and guarantees the implementation of the project, approaches the founder and the team of the startups to further expand the synergy between them, and then, in a safer way, analyzes the feasibility for the acquisition of equity and investments”, says Batistela.
Marcos Mocatino, founder and CEO, Bitshopp, said that EVOX Global’s business model has profoundly transformed the direction of his startup.
“The partnership with EVOX was a watershed in Bitshopp’s journey, as it allowed us to demonstrate the value of our solution and deliver innovation in a concrete way to large companies, with the full support of EVOX Global at all stages and challenges,”
Fabiana Batistela, Co-founder, EVOX Global, said: “Participating directly in the DREX project with the ELO consortium is extremely relevant for EVOX Global and Bitshopp, as it allows us to act directly in the construction of one of the pillars of the world economy in the coming years.”
EVOX Global was created from an initial investment of R$ 15 million and arrived in Brazil to create the perfect match between the needs of companies from different segments and the innovations offered by startups, generating high-impact opportunities for business growth.
The company acts strategically in the identification of business challenges, to deliver the most appropriate startup solutions and to support the implementation of the solutions – assuming all contractual responsibility between the parties in relation to the implementation of the identified solution.
EVOX Global has a rigorous certification process for startups and solutions based on 67 criteria defined after a major incursion into customers from the most diverse segments. This methodology was created so that companies at any stage of digitalization, from beginner to advanced, have the peace of mind of adopting solutions with innovative technologies, with the guarantee that they meet the strict standards necessary for the continuity of innovation projects – with agility and security without traditional investments and risks. In this way, with a diversified portfolio of solutions in areas such as AI, IoT and computer vision, EVOX Global positions itself as an engine of innovation in Brazil, reducing by half the time it takes companies to find the best solutions.
In addition, the company demonstrates a strong commitment to ESG practices, especially in sustainable technologies, such as greentechs, with a focus on carbon credit and waste management solutions, showing that the future of innovation in Brazil is green and technological.
Opportunities for Brazil
Innovation in Brazil still faces major challenges.
According to the 2023 Global Innovation Index (GII), the country ranks only 49th out of 132 countries, which demonstrates the potential for growth compared to other major nations.
According to data from IDC and Abes (Brazilian Association of Software Companies), Brazil invested US$ 50 billion in technology in 2023 and the expected growth for 2024 is 6%.
In the coming years, it is estimated that up to 5% of the revenue of the most innovative companies in Brazil will be directed to investments in innovation.
This amount, added to public incentive programs, will generate positive and large-scale impacts on the Brazilian market.
