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FINEP The Brazilian Innovation Agency Ministry of Science and Technology June, 2010
15 Research Institutes Ministry of Science and Technology National S&T Council
PDP PACTI MCT/FINEP MDIC/BNDES inovação State Politics Action Plan MCT PACTI & PDP R&D challenge focusing competitivity construction; Articulate use of low-taxing incentives, regulation, buying power and technical support; Available resources to all the steps of the innovation cycle; Shared goals with the scientifical-technological sector and the private sector.
FINEP – The Brazilian Innovation Agency Publicly owned company linked to the Ministry of Science and Technology (MCT). Mission To encourage and finance innovation, and scientific and technological research in business, universities, institutes of technology, research centres, and other public or private institutions, mobilizing funds and integrating financial instruments to promote Brazil's economic and social development.
FINEPs activities R, D & I supporting agency Grants provided for public R&D institutions Innovation supporting agency Economic subvention for enterprises Innovation financing bank Credit, Venture Capital, Funds for enterprises
Finep: financing of science, technology and innovation Emerging business Incubation of business start-ups Pre- incubation Scientific Research and Infra- Structure Innovative clusters Expansion and consolidation (concentrated segments) Seed Money (K and FNDCT) Seed Money (K and FNDCT Venture Capital and other instruments Grants (FNDCT) Credit parity capital, partnership university-business, scholarships, incentives, subsidies INOVAR Semente PRIME/Subvention PAPPE Juro Zero Subvention INOVAR INOVA Brasil Subvention
Cases of Success
CRISTÁLIA Founded in 1972 Revenues up to U$ 352 Millions in % Brazilian Firm
Conditions for R,D & I new products development o Venture capital About US$ 55 millions investment in new equipments and infrastructure, part of them financed by Government innovation funds such FINEP o Open Innovation Partnership with Public Research Institutes and Universities for complex or complimentary steps during new products development process
Antirretrovirals Minicapsules - Ritonavir ADVANTAGES Capsule size reduction 26,6 mm 14,5 mm Same dosage Package size reduction Change to a more anatomical Shape Oblong Oval Cold Chain elimination (thermostable product) CN C IN
Specialized in cooling solutions, Embraco is the world leader in the hermetic compressor market for refrigeration. It is headquartered in Joinville (SC) - Brazil, and has plants in Italy, Slovakia and China, and three sales and technical assistance offices, in the United States, Mexico and Italy. Embraco Founded in 1971, it employs globally, about 9 thousand people. With production capacity of approximately 30 million compressors per year, it sells hundreds of models tailored to different markets in over 80 countries. Its biggest differential is the focus on research, in the search for products with greater energy efficiency, low noise and reliability. With 910 patents granted in the world, it applies up to 3% of annual net revenues in research and development.
FINEP/Embraco partnership: 130 students / researchers directly involved in partnership More than 400 people indirectly involved in the partnership (undergraduate classes, graduate courses, etc.). Approximately 21 laboratories in 6 research groups Development of a State of the Art R&D Center at University of Santa Catarina (POLO) Cooperation Universities – Embraco (FINEP) Case of Success – POLO Laboratories Embraco has a partnership with a Brazilian University (UFSC) that has last over 28 years 2.500m 2 of built area with 15 laboratories 17 PhD Thesis and 70 Master Dissertations
Embraco - FINEP Project subsidized Micro compressor Goal: design of new compressor for the global refrigeration market Refrigerated Docking Station for laptops Refrigeration of the car seat Portable CoolersRefrigerated Vestments
Thanks for your attention Luis Manuel Rebelo Fernandes President FINEP