South Summit Brazil, the leading meeting of the entrepreneurial ecosystem co-organised by IE University and the Government of Rio Grande do Sul, inaugurated its third edition yesterday, Wednesday, March 20. Under the slogan “Decoding Complexity”, South Summit Brazil 2024 will bring together, until Friday, March 22, the main actors and experts of the entrepreneurial ecosystem from Latin America and the rest of the world in the city of Porto Alegre.
“ I was born in a family where you either become a professional athlete, or you become a poet or a writer.” Co-founder and CEO of Bioniq Vadim Fedotov tells Startups Magazine. Although sports and writing don’t really seem to relate, to reach excellence in either requires a certain quality. Fedotov chose to become an athlete, but following a career cut short by injury, he turned that pursuit for quality to his next passion: health. First focusing on his own, then on health as a whole, this saw Fedotov found a startup offering ‘the world’s most personalised supplements.”
If you’ve ever had backpain, you know its no fun. Social occasions, exercise, work, the shadow of back pain hangs over all of them. But not only is the fear of a flare-up real, but should one occur, then the costs, both physical and material, can be devastating. In the UK, reports highlight how lower back pain costs the country’s National Health Service nearly £5 billion annually from GP appointments alone.
Founders have neglected their mental fitness for too long. With the rise of chronic stress, overwhelm and burnout/depression – this is becoming an urgent concern. In some cases, it’s meant founders have had to close down their company. The mental fitness of a founder is the cornerstone of sustainable professional and personal success.
Securing funding for your startup marks a pivotal moment, but the true measure of success lies in the growth and scale achieved thereafter. This is driven by the investors’ return target, which for institutional investors is typically 5-10x. Therefore, raising investment from a venture capital (VC) fund is not appropriate for all businesses.














