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BH-TEC Belo Horizonte Technology Park. Ronaldo Tadêu Pena CEO. BH-TEC:. BH-TEC is the result of a partnership among : State Government of Minas Gerais; City of Belo Horizonte; Federal University of Minas Gerais (UFMG); Federation of Industries of MG (FIEMG);
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BH-TECBelo Horizonte Technology Park RonaldoTadêu Pena CEO
BH-TEC: • BH-TEC is theresultof a partnershipamong: • StateGovernmentof Minas Gerais; • City of Belo Horizonte; • Federal University of Minas Gerais (UFMG); • Federationof Industries of MG (FIEMG); • MG Brazilian Service of Support for Micro and Small Enterprises (SEBRAE-MG). • BH-TEC is a non-profit, privateinstitutionaimedat research and hightechactivities, designed to house: • Companiesdedicated to theresearch and developmentofnewtechnologies in theirproducts and processes; • Public and privateResearch & DevelopmentCenters; • Areas for Shopping and Services.
Partners Institutional Arrangement Support:
BH-TEC: • It is beingimplanted 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 permanenturbangreen zone; • Thearea is a propertyofthe Federal University of Minas Gerais (UFMG). • The Park is allowed to use thearea for 30 years (07/01/2041). Afterwards, the University returns as thelandholder, receivingrentalpaymentthatwillgointo its budget.
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: • 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’ BR 262 Av. Presidente Antônio Carlos Downtown 20’ UFMG Av. Antônio Abrahão Caram Mineirão Stadium Av. Presidente Carlos Luz BR 262 BH-TEC Rua Prof. José Viera de Mendonça Pampulha Lake
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
InstitutionalBuilding Source: BH-TEC
InstitutionalBuilding Source: BH-TEC
InstitutionalBuilding Source: BH-TEC
Edifícios Institucionais do BH-TEC - Fases de desenvolvimento
BH-TEC Development • Institutional Zone (area: 26,200 m2) • Firstinstitutionalbuilding (in a 4,600 m2area): • 15 companies • April/2012 – officiallaunch • FIOCRUZ in Minas Gerais (in a 12,000 m2area) • Rene Rachou Research Center (FIOCRUZ Branch in Minas Gerais) • Center for theDevelopmentofHealth Technologies of Minas Gerais (CDTS-MG) willhousebiotechnologyplatforms, vivariums, biopharmaceutical enterprises and academicspin-offs; • US$ 42 million (total investments). • Secondinstitutionalbuilding in theremaining 9,600 m2area
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 2008 Started construction of the first institutional building Feb/2011 Release of 15 selected companies (out of 25) Nov/ 2011 Kick off forthe bid modeling of the Concession Zone Apr/ 2012 Startup of the first building in the Institutional Zone Jun/2012 Release of the public bid document 2014 Startup of 1st building in the Concession Zone • Signing of the agreement among UFMG, Minas Gerais State Government and City Government First building construction with investments of US$ 19 Million by the State Government Institutional Zone Public Bid for construction, operation and maintenance of the BH-TEC Concession Zone 22
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 • Main aspects of the concession • Stage development implementation subject to occupancy and demand • Contract with flexibility to mitigate demand risks • Opportunity to built-to-suit buildings for anchor companies • Investments (CAPEX) up to US$ 300 million • IRR range between 12% to 16%, • Concession Term: 30 years • Public Bid for construction, operation and maintenance of the second phase of BH-TEC. • Potential 266.000 m2 of constructed area Institutional Zone Concession Zone 23
The Economic Model of BH-TEC Concession - tangible drivers Tangible Drivers of Economic Value GDP Growth/ Diversification 1 Rental rate (x) Offices Rental contracts Offices Available area Revenue University (UFMG) Rental rate Stores Rental contracts (x) Stores Available area Entrepreneurship Environment Commission / fee Facilities services (x) Rental Demand # services provided Cash In 2 3 BH-TEC Concession (+) Stage Development CAPEX Management Costs Costs Capital Efficiency (+) UFMG fee Cash Out Cash In Demand drives the Implementation (+) BH-TEC fee Low Working Capital Rental Facilities (+) Marketing and Branding Economic Indicators Non-controllable factors