We heard from Brazil that the Banco Nacional de Desenvolvimento Econômico e Social (National Bank for Economic and Social Development (BNDES)) and the Financiadora de Estudos e Projetos (Financier of Studies and Projects (Finep)) have approved and supported 27 business plans (12 of which are SMEs). The BNDEs together with Finep run a project called ‘Plan to Support the Development and Innovation of Chemical Industry (Padiq)’. The business plans presented will now receive investments of Brazilian Real $ 2.4 billion (approx. US Dollar $ 748,479,935.54 USD).INPI played a role in this selection by “focusing on the technical state of the technologies involved, verifying aspects of innovation and assessing technological risks and the potential impact of the introduction of technology.”
The approved business plans include: replacement of potentially allergenic or carcinogenic products; development of carbon fibres for sectors such as: aerospace, automotive, sporting, and industrial and wind; and the development of fragrances from fruits, flowers and plants.
| Another windy day at home! |
Added to this, another project was presented called Plano de Desenvolvimento, Sustentabilidade e Inovação no Setor de Mineração e Transformação Mineral (Sustainability and Innovation in Mining and Mineral Processing Industry (Inova Mineral)). This project as noted in this event, support business plans in the area of generation of solar and wind energy as well as energy storage required by electric cars. INPI will also play a role in the selection of business plan which will be , which will receive investments contribution of R $ 1.18 billion by Inova Mineral, and investments of R $ 3.58 billion by BNDES and Finep. Application of business plans will be received from September.
Source INPI.