Petrobras Has Investments in Internal Startups Aiming for Value Gain and Leveraging the Company’s Results

Petrobras Continues Investing in Internal Startup Projects Aiming for Value Gains in the Upcoming Years

The Petrobras has been investing in recent years in the Internal Startups program, which aims to enable innovations conceived by the company’s employees to generate value, maximizing results and reducing costs for the state company  

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The current edition of the program focuses on financial gains, with 88 internal teams submitting their proposals, but only 12 of them were selected in this stage of the program. The selected proposals shared the ability to generate value for Petrobras. This stage consists of designs and experiments to validate their feasibility.  

Petrobras used, as one of the main criteria for project selection, how much a given innovation project can generate in value for the company in the following years. The values ranged from R$ 50 million to over R$ 3 billion. 

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“The program encourages intrapreneurship and reveals internal talents that think ‘outside the box’, exercising the concept of ‘business ownership’, which makes me very proud as the leader of this great team,” declared Nicolás Simone, Director of Digital Transformation and Innovation at Petrobras. 

Petrobras Provides All Necessary Support

The selected projects receive a wide range of support to bring them to reality, such as financial and technological support, as well as mentoring from qualified professionals to make them happen: “The internal startups program is responsible for engaging employees, accelerating the culture of innovation within the company,” concludes Nicolás. 

Petrobras had previously invested in earlier programs. The state company’s investment has already resulted in 22 internal startups, which are now in the acceleration stage. A total of 9 solutions that can be applied to the business have also already been created.