BH-TEC
Belo Horizonte Technology Park
Ronaldo Tadêu Pena
CEO
BH-TEC:
 BH-TEC is the result of a partnership among:
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State Government of Minas Gerais;
City of Belo Horizonte;
Federal University of Minas Gerais (UFMG);
Federation of Industries of MG (FIEMG);
MG Brazilian Service of Support for Micro and Small Enterprises (SEBRAE-MG).
 BH-TEC is a non-profit, private institution aimed at research and high tech
activities, designed to house:
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Companies dedicated to the research and development of new technologies in their
products and processes;
Public and private Research & Development Centers;
Areas for Shopping and Services.
Partners Institutional Arrangement
Support:
BH-TEC:
 It is being implanted in a 556.000 sq meter (137 acres) area:
• 185.000 sq meter (45 acres) for construction;
• 371.000 sq meter (92 acres) is a permanent urban green zone;
 The area is a property of the Federal University of Minas Gerais
(UFMG).
 The Park is allowed to use the area for 30 years (07/01/2041).
Afterwards, the University returns as the landholder, receiving
rental payment that will go into its budget.
Governance model
General Assembly
Board (13 members) – Art. 21:
4 members from UFMG
2 members from the State
2 members of the City Council
1 member from FIEMG
1 member from SEBRAE
3 members representing the Sponsors
Technical-Scientific Council
(7 members + Director-President), Art. 29:
3 members from UFMG
1 member from the State
1 member of the City Council
2 members from the industry sector
(SEBRAE e FIEMG)
Fiscal Council
(3 members elected by the General
Assembly), Art. 36.
Executive Office
Industry sectors focused
 Life Sciences (biotechnology, human and animal health,
pharmaceuticals);
 Information and Communication Technologies (ICTs);
 New materials and process technologies;
 Renewable Energies;
 Environmental Technologies;
 Entertainment and culture.
UFMG in numbers
 The Federal University of Minas Gerais is the main research
institution in the metropolitan area;
 3,000 faculty members (80% Ph.D);
 75 undergraduate programs;
 58 doctorate programs and 68 master programs;
 30.000 undergraduate students (5,000 in engineering);
 7.000 graduate students:
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4,000 M.A./M.Sc. Students (1,300 master thesis/year)
3,000 Ph.D. students (700 Ph.D. dissertations/year)
 Leader institution in number of biotech patents in Brazil
(Updated: 17/06/11 UFMG site)
Brazil
Minas Gerais - MG
Belo Horizonte
Location
Tancredo Neves
International
Airport 40’
UFMG
Downtown
20’
Mineirão
Stadium
BH-TEC
Pampulha Lake
Rua Prof. José Viera de Mendonça
Master Plan
Institutional Zone:
26,200 m2
R&D Zone:
46,000 m2
Green area:
350,000 m²
Shopping and Services: 27,000 m2
Aerial photo taken in December 2006.
Source: PBH
Institutional Building
Source: BH-TEC
Institutional Building
Source: BH-TEC
Institutional Building
Source: BH-TEC
Tenant companies of the first Institutional building:
Tenant companies of the first Institutional
Zone building:
Industrial Automation
I-Vision S/A
Neocontrol Ltda.
Biotech
Labtest S/A
Ecovec S/A
Labfar PI
Environmental Area
WayCarbon Ltda.
Aeronautical
Embraer
BH-TEC
Eletronic
ATI Ltda.
Omnimed Ltda.
Business Development
IEBT Ltda.
ICT
Takenet S/A
Sambatech S/A
Zunnit Technologies Ltda.
Enacom Ltda.
Siteware Ltda.
Tenant companies of the first Institutional
Zone building:
2nd Institutional Building of BH-TEC - preliminary design
Edifícios Institucionais do BH-TEC - Fases de desenvolvimento
BH-TEC Development
 Institutional Zone (area: 26,200 m2)
• First institutional building (in a 4,600 m2 area):
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15 companies
April/2012 – official launch
• FIOCRUZ in Minas Gerais (in a 12,000 m2 area)
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Rene Rachou Research Center (FIOCRUZ Branch in Minas Gerais)
Center for the Development of Health Technologies of Minas Gerais (CDTS-MG)
will house biotechnology platforms, vivariums, biopharmaceutical enterprises
and academic spin-offs;
US$ 42 million (total investments).
• Second institutional building in the remaining 9,600 m2 area
Second Institutional Building
• Preliminary architectural design (arq. Robert McCauley, UJMN office
Philadelphia, USA);
• March/2012: Approval of the preliminary project;
• March- April/2012: additional studies to estimate the budget for
construction.
• Next phase of construction will depend on the results of a study for
the land concession, coordinated by the Development Bank of
Minas Gerais (BDMG).
The conclusion of the first stage of BH-TEC is marked by
the startup of the first building in the Institutional Zone
Overview of BH-TEC implementation
2005
BH-TEC Set
up
2006
Beginning of
infrastructure
works by the
Municipality
Signing of the
agreement among
UFMG, Minas
Gerais State
Government and
City Government
2008
Started
construction
of the first
institutional
building
Feb/2011
Release of 15
selected
companies
(out of 25)
First building
construction with
investments of US$
19 Million by the
State Government
Nov/ 2011
Kick off for the bid
modeling of the
Concession Zone
Apr/ 2012
Startup of the
first building
in the
Institutional
Zone
Institutional
Zone
Concession
Zone
22
Jun/2012
2014
Release of Startup of 1st
the public building in the
bid
Concession
document
Zone
Public Bid for
construction,
operation and
maintenance
of the BHTEC
Phase II modeling for the Concession Zone estimates
investments up to US$ 300 MM in a BOT approach
Overview of BH-TEC Phase II Concession
2011
Concession
modeling
Kickoff
Jun/ 2012
Public bid
Oct/2012
Bid document
signature
2013
Start the
construction of the
1st building in the
Concession Zone
2041
End of
concession
• Public Bid for
Institutional
construction,
Zone
operation and
Concession
maintenance of
Zone
the second phase
of BH-TEC.
• Investments (CAPEX) up
to US$ 300 million
Main aspects of the concession
• IRR range between 12%
to 16%,
subject to occupancy and demand
• Potential
266.000 m2 of
constructed area
• Concession Term: 30
years
demand risks
• Stage development implementation
• Contract with flexibility to mitigate
• Opportunity to built-to-suit buildings for
anchor companies
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The Economic Model of BH-TEC Concession
- tangible drivers
Tangible Drivers of
Economic Value
GDP Growth/
Diversification
1
University (UFMG)
Revenue
Entrepreneurship
Environment
Rental Demand
Management Costs
UFMG fee
BH-TEC fee
Marketing and Branding
(+)
(+)
(x)
Stores
Rental contracts
(x)
Facilities services
(x)
Cash
In
2
(+)
(+)
Offices
Rental contracts
Costs
3
Cash
Out
BH-TEC
Concession
Rental
Facilities
Cash
In
Capital
Efficiency
Rental rate
Offices Available area
Rental rate
Stores Available area
Commission / fee
# services provided
Stage Development
CAPEX
Demand drives the
Implementation
Low Working Capital
Economic Indicators
Non-controllable factors
Time Schedule for the 2nd. Fase
Staff
Ronaldo Tadêu Pena
C.E.O
rpena@bhtec.org.br
Mariana de Oliveira Santos - Executive Advisor
Vicente de Paula Azevedo Jr. - Administrative Manager
Eduardo F. Roscoe - Engineering Advisor
Nanci Lacerda - Executive Secretary
Janaine Farrane Cardoso - Technical Advisor
Guilherme de Castro Leite - Data Network Analyst
Rua Prof. José Vieira de Mendonça, 770 – Engenho Nogueira
Belo Horizonte / MG - Brazil
Tel.: 55 31 3409-7391 | Fax: 55 31 3409-7392
www.bhtec.org.br