During 2016, several startup fostering initiatives in Brazil led by tech companies themselves or end users looking to harness the potential of new technology ventures were announced. Examples included the partnership between Monsanto and Microsoft for biotech ventures, Chinese web giant Baidu launched a tech startup program, Pfizer kicked off a process to find Brazilian health startups while Visa sought to accelerate Brazilian ventures active in the fintech segment, as did rival MasterCard.

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NUS Enterprise inks partnership with Indonesia's Salim Group to set up its Block71 incubation site in Jakarta, touting it as a platform for startups in Singapore and Indonesia to build ties.

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