Eldorado Research Institute

What Eldorado Research Institute does

Eldorado Research Institute (Instituto de Pesquisas Eldorado) is a Brazilian non-profit civil association founded in 1999 and headquartered in Campinas, São Paulo, with three additional operating units in Brasília, Porto Alegre, and Manaus, employing over 1,000 specialists. The institute operates as an EMBRAPII-accredited R&D organization delivering five professional service lines: R&D & Innovation (custom software, hardware, microelectronics, embedded systems, AI, IoT, blockchain), Laboratory Testing (electrical, electronic, telecommunications, EMC, acoustics, radio frequency), Telecommunications Product Certification, Education & Training (including Apple Developer Academy programs), and Innovation Consulting (including support accessing Lei do Bem and other Brazilian tax incentives).

The institute serves seven industry verticals — Information and Communication Technology (ICT), Energy, Agribusiness, Oil & Gas, Healthcare, Automotive, and Industry 4.0 — with flagship co-developed products that include the ANVISA-approved national ECMO device (with Braile Biomédica), a national Ultrasound platform (with UNICAMP and USP Medical Schools), HIPEC monitoring equipment, smart-grid connectivity using Wi-SUN, LoRaWAN, and NB-IoT, virtual-reality training systems (deployed with CPFL under ANEEL funding), and an Alexa COVID-19 conversational skill (with Hospital Albert Einstein data).

ELDORADO's business model combines client-funded R&D with co-funding from Brazilian federal and state innovation incentive programs — EMBRAPII, FAPESP, Finep, ANEEL (mandatory utility R&D), Rota 2030/MOVER (with planned R$19 billion deployment through 2028), Lei do Bem, Lei de Informática, ANP, and Softex. Named enterprise customers include Volkswagen do Brasil (connected vehicles), CPFL (energy), Braile Biomédica (medical devices), and Hospital Albert Einstein (health data). Go-to-market is direct enterprise sales via quote-based engagements, with no self-serve or marketplace distribution.

Name

Eldorado Research Institute

Legal name

Instituto de Pesquisas Eldorado

Website

https://eldorado.org.br

Company type

Private

Founded year

1999

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Eldorado Research Institute is a Brazilian non-profit R&D association (founded 1999, Campinas HQ) with four units and 1,000+ specialists delivering applied research, laboratory testing, certification, training, and consulting across ICT, energy, healthcare, automotive, and agribusiness verticals.

Ownership category

akta.pro rank

Headquarters

HQ city

Campinas

HQ country

Brazil

HQ region

Latin America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Infrastructure, Operations

Revenue model

1. R&D and Innovation Services: B2B research and development services delivered to enterprise partners across multiple industry verticals (IT/Telecom, Energy, Agribusiness, Oil & Gas, Healthcare, Automotive). Projects are funded through a combination of client payments and Brazilian government innovation incentive programs including EMBRAPII, FAPESP, Finep, ANEEL, Rota 2030/MOVER, Lei do Bem, Lei de Informática, ANP, and Softex. ELDORADO operates as INSTITUTO DE PESQUISAS ELDORADO, a non-profit civil association.
2. Laboratory Testing and Certification Services: Testing and certification services for telecommunications products and general electrical/electronic equipment following national and international quality standards. One of the largest laboratory complexes in Latin America for electrical, electronic and telecommunications tests.
3. Education and Training Services: Technology education and training programs including iOS training (Apple Developer Academy), Motorola Training, and other professional development programs in partnership with universities.
4. Innovation Consulting: Consulting services to help companies digitally accelerate their operations and develop innovative products and services. Includes assistance with Brazilian incentive programs such as Lei do Bem.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

Eldorado Research Institute delivers applied research and development, accredited laboratory testing, telecommunications product certification, education and training, and innovation consulting to enterprise clients across IT/Telecom, Energy, Agribusiness, Oil & Gas, Healthcare, and Automotive verticals. As an EMBRAPII-accredited non-profit civil association, it co-funds projects through Brazilian government incentive programs and develops proprietary technologies including national ultrasound platform, ECMO equipment, smart-grid IoT solutions, and AR/VR training systems.

Product overview

Eldorado Research Institute is a Brazilian R&D organization offering five core service lines: R&D & Innovation (software, hardware, microelectronics development), Laboratory Tests (electrical/electronic/telecommunications testing), Telecommunications Product Certification, Education & Training, and Innovation Consulting. The institute operates across multiple industry verticals including Healthcare (with products like national ultrasound platform, ECMO equipment, HIPEC monitoring, Alexa COVID-19 skill), Energy (smart grid, virtual training, power monitoring), and Mobility (connected vehicles via Rota 2030/MOVER programs). Key facilities include EMBRAPII-accredited unit for internet/mobile computing equipment and ELDLab for semiconductors/microelectronics in Manaus. The portfolio includes both professional services (consulting, testing, training) and developed products (medical devices, VR training systems, IoT solutions) delivered through open innovation methodology and various Brazilian R&D funding programs.

Differentiator

Problem solved

Functional benefit

Brands

• ELDLab: Advanced laboratory in Manaus focused on R&D in areas such as Semiconductors and Microelectronics, supporting local industry and professional training in the region.

Products and services

• P&D & Innovation (R&D & Innovation) Custom research and development of advanced software, hardware, microelectronics, and emerging technology solutions for enterprise clients across IT/Telecom, Energy, Healthcare, Automotive, Agribusiness, and Oil & Gas verticals.
• Laboratory Testing Services Testing and validation following national and international quality standards covering EMC, semi-anechoic acoustic chambers (ISO 3745), battery testing, electrical safety, and radio frequency testing (10 Hz to 30 GHz) for electrical, electronic, and telecommunications products.
• Telecommunications Product Certification Conformity assessment and certification services for telecommunications products, evaluating compliance with technical standards and regulations.
• Education and Training Services Technology education and professional training services including iOS training (Apple Developer Academy), Motorola Training, and other professional development programs in partnership with universities.
• Innovation Consulting Consulting services to digitally accelerate companies and develop innovative products, including Design Thinking consultancy and strategic support for R&D resource allocation under programs such as Lei do Bem.
• Energy Technology Solutions Solutions for the electric sector including Picture Scan monitoring, energy commercialization AI, theft detection, power plant monitoring, smart grid (Wi-SUN, LoRaWAN, NB-IoT), augmented reality, wearables, robots/drones, and virtual training.
• Healthcare Technology Solutions Comprehensive health technology solutions including Blockchain for medical records, AI-powered medical equipment, health management systems, IoT for patient monitoring, AR/VR medical training, and telemedicine platforms.
• ECMO Medical Equipment Pioneering Brazilian ECMO equipment for treating acute respiratory failure, offering 'auxiliary lung' function for oxygenating blood outside the body, with 100% national production and ANVISA approval.
• National Ultrasound Platform Ultrasound imaging platform with entirely domestic technology developed in partnership with UNICAMP and USP medical schools for use by public and private healthcare networks in Brazil.
• HIPEC Monitoring Equipment Medical monitoring equipment for cardioplegia and hyperthermic intraperitoneal chemotherapy (HIPEC), pioneer in Brazil with 100% national production, developed with Braile Biomédica.
• Alexa COVID-19 Skill Amazon Alexa voice skill providing COVID-19 information, self-testing guidance, and health center location services using conversational AI and data sources from Hospital Albert Einstein and the Ministry of Health.
• CPFL Virtual Training in Electrical Substations Virtual reality training system using VR glasses with biometric sensors to simulate electrical substation operations, maintenance, and emergency scenarios, developed in partnership with CPFL Energia and funded by ANEEL's R&D program.
• Smart Grid Solutions Smart grid technologies using Wi-SUN, LoRaWAN, and Narrowband IoT protocols for energy distribution automation and monitoring.
• ELDLab (Semiconductor and Microelectronics R&D Lab) Laboratory in Manaus focused on R&D in Semiconductors and Microelectronics, supporting local industry, the Industrial Pole of Manaus, and contributing to professional training in the region.
• EMBRAPII Unit of Internet and Mobile Computing Equipment EMBRAPII-accredited unit developing industrial innovation projects in internet equipment, mobile computing, IoT, semiconductor devices, health equipment, cognitive software, and Industry 4.0 solutions.
• Mobility / Connected Vehicle Solutions Customized hardware and software solutions for the mobility sector including microelectronics, highly reliable hardware devices, embedded computing, AI, computer vision, and image processing for electrification, recyclability, software-defined vehicles, OTA updates, and ADAS.
• Energy Laboratory Tests Comprehensive laboratory testing services for energy equipment including acoustics (ISO 3745), EMC, battery tests, electrical safety, and radio frequency (10 Hz to 30 GHz).

Quantifiable outcome

• 121 companies accredited under MOVER program as of September 2024
• +3 more outcomes

Named customers6 records

Segments7 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability11 records

Feature8 records

Partnerships

13 partnerships are on record, tiered core, flagship and minor.

• EMBRAPII (Empresa Brasileira de Pesquisa e Inovação Industrial)coreStrategic or Co-development PartnerELDORADO is accredited as an EMBRAPII unit for industrial innovation, able to develop projects in internet equipment, mobile computing, IoT, semiconductor devices, health equipment, cognitive software, and Industry 4.0 solutions. EMBRAPII provides co-funding for R&D projects with industrial partners.
• Volkswagen do BrasilflagshipStrategic or Co-development PartnerAs an EMBRAPII Unit, ELDORADO developed new technologies and software for connected vehicles under the Rota 2030 program in partnership with Volkswagen do Brasil. Contributed to the evolution of VW Play systems, expanding connectivity and automation features.
• DeloittecoreStrategic or Co-development PartnerCollaborative research partnership with Deloitte releasing editions of a study on R&D and innovation investment in TIC sector in Brazil. Joint research revealed companies are increasing investment in R&D in TIC and are more open to open innovation practices.
• FAPESP (Fundação de Amparo à Pesquisa do Estado de São Paulo)coreStrategic or Co-development PartnerFAPESP is one of the main agencies for promoting scientific and technological research in Brazil with autonomy guaranteed by law. Supports the development of ELDORADO's research projects, exchange and dissemination of science and technology produced in São Paulo.
• Finep (Financiadora de Estudos e Projetos)coreStrategic or Co-development PartnerFinep is a public company linked to the Brazilian Ministry of Science, Technology and Innovation (MCTI). Its financial support covers all stages of the scientific and technological development cycle from basic research to product/service development.
• ANEEL (Agência Nacional de Energia Elétrica)coreStrategic or Co-development PartnerELDORADO acts as an R&D&I player in the Brazilian electricity sector, developing projects aligned with ANEEL requirements and in compliance with NBR ABNT 16501:2011. ANEEL mandates 1% of revenue from generation/transmission concessionaires and 0.5% from distribution concessionaires be applied in R&D.
• Lei do Bem (Lei nº 11.196/2005)coreStrategic or Co-development PartnerELDORADO assists partners in executing projects under the Lei do Bem (Merchandise Law), which provides tax incentives for companies developing technological innovation R&D. Includes deductions from Income Tax and CSLL, IPI reduction, accelerated depreciation, and tax exemptions.
• CPFL EnergiaflagshipStrategic or Co-development PartnerPartnership with CPFL for Virtual Training in Electrical Substations project (2016). Developed a VR training tool with biometric sensors for electricians, allowing safe simulation of substation operations and maintenance. Fomented by ANEEL P&D program.
• Braile BiomédicaflagshipStrategic or Co-development PartnerPartnership with Braile for medical equipment development. Developed ECMO (extracorporeal membrane oxygenation) equipment pioneer in Brazil (ANVISA approved) and HIPEC monitoring equipment for cardioplegia and chemotherapy. 100% national production.
• UNICAMP (Universidade Estadual de Campinas)flagshipStrategic or Co-development PartnerLocated adjacent to the Unicamp campus. Partnerships with professors from UNICAMP Medical School for ultrasound platform development. Also partner in the Rota Conectada Project with FEEC/Unicamp within MOVER program.
• PUCRS (Pontifícia Universidade Católica do Rio Grande do Sul)minorStrategic or Co-development PartnerPorto Alegre unit located in the PUCRS Science and Technology Park (TecnoPUC), enabling collaboration with the university on R&D projects and talent development.
• FEEC/Unicamp (Faculdade de Engenharia Elétrica e de Computação)flagshipStrategic or Co-development PartnerPartner in the Rota Conectada Project within the MOVER (Green Mobility and Innovation) program, coordinated by UFMG Support Foundation (FUNDEP). Aims to strengthen Brazil's capabilities in vehicular mobility and smart cities.
• Apple Developer AcademyminorStrategic or Co-development PartneriOS training programs offered at multiple ELDORADO units (Porto Alegre and Manaus) in partnership with Apple, providing developer training and supporting the development of new businesses.

Scale indicators6 records

Recent moves10 records

Expansion highlights6 records

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Customer concentration

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• Xx.com/ipeldorado

Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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M&A

Investments

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Frequently asked questions about Eldorado Research Institute