Brazil and Spain launch program to support innovative companies

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  • Posted on October 2, 2015


    Brazilian and Spanish companies acting in the technological innovation area will have the support of a program announced this Thursday, October 1, by the Project and Studies Financier (Finep) of the Ministry of Science, Technology and Innovation. Part of a cooperation agreement set in 1996 between Finep and the Center for Development of Industrial Technology (CDTI), an entity of the Spanish government, the public notice will be officially launched on October 14, in Madrid.

    The public notice has as its objective developing projects from companies based in the two countries, in order to boost innovation of its products, focusing on the global market, and it’s open to projects from all sectors of economic activity and any base technology. Projects presented must have, at least, one company from each country. Proposals can be submitted until December 31. From there, in a process which will run through June 2016, there will be the selection of projects which, in the case of Finep, will receive credit within operation policy of the institution, which varies according to the degree of innovation of the presented project. There isn’t a pre-determined line. Over on the Spanish side, projects will be supported through credit and economic subsidy.

    In the future, Finep’s goal is to re-edit the notice’s format with other countries, such as England and norway, and reformat the program so the financier can support companies, within the framework of these partnerships, not only with credit, but with economic subsidy and support for partnership projects between companies and universities. “They would have access to the wide range of instruments Finep has at its disposal and not just credit”, said Luis Fernandes, president of Finep.