Industry to receive $ 8.6 billion to invest in innovation

Scientific innovation is a prerequisite for any country wishing to use its deterrent potential to protect its wealth and avoid armed conflict.

In the 20 years leading up to Lula and Dilma governments, Brazil had almost stopped investing in this type of research. But beginning in 2003, with the election of Lula, investments resumed. Direct support programs were created and the federal government began to share with the companies the risk of research.

With funds from the National Bank for Economic and Social Development (BNDES) and finds from the Studies and Research Fund (FINEP), which selects projects eligible to receive funding from the Inova Program, 872 projects received R$ 2.15 billion between 2006 and 2010.  In January 2014, in a new phase of the program, an additional 91 projects were selected to initially divide the R$ 2.9 billion available. President Dilma then decided to increase the amount of funding to R $ 8.68 billion.

Want to know more?

Get to know the KC-390 Brazilian military transport aircraft, the product of a FAB-Embraer partnership, with the participation of over 50 domestic companies: