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the state of minas gerais in brazil is home to a dynamic and innovative startup scene since colonial times entrepreneurs have been drawn to the area attracted by its diverse geography welcoming population and ample opportunities today minas gerais is a vibrant hub for technological innovation and entrepreneurship with a long history of startups and highgrowth tech companies calling the state home in terms of geography the state has tropical rainforests rolling hills and several densely populated urban centres making it an attractive base for companies of all sizes and across a variety of industries the population of minas gerais is more than 20 million and the living wage is about 21230 usd per month the unemployment rate is 113 but this is a decrease from 123 at the beginning of 2019 the city level gdp for minas gerais varies significantly but is around 500 billion usd in terms of technological innovation minas gerais has made significant strides in recent years there are several notable tech companies founded in the area including farfetch quintoandar gympass and hotmart several big brands are also headquartered in the region such as oi telecom and total key historical events in minas gerais include hosting the world economic forum in 2019 and playing an important role in the industrial revolution of brazil in the 20th century local universities such as the university of minas gerais and the federal university of minas gerais have also helped drive innovation in the state the atmosphere of minas gerais with its pleasant climate and ample opportunity for creative exploration has helped establish and maintain a thriving startup culture the rate of new businesses starting and ending in the area is also healthy with an increase in the rate of new companies forming overall the startup scene in minas gerais is vibrant and dynamic with promising new ventures popping up each day and an abundance of space support and resources for entrepreneurs to thrive with its vibrant culture modern infrastructure and ample resources minas gerais is an ideal place for entrepreneurs to launch and grow their businesses as the region continues to develop it will be fascinating to see the enterprises that emerge from the area and change the world