BNDES grants, equity and debt for energy projects
In 2023, the Brazilian National Development Bank (BNDES) launched Mais Inovação, a programme that has supported record funding for industrial innovation in Brazil in 2024, including for a cellulosic bioethanol demonstration project. The programme uses resources from the Workers' Support Fund (FAT), remunerated by the reference rate as approved by Law No. 14,592, of May 30, 2023. There are three components:
Investment in Innovation. Direct (>R$20 million, or >R$10 million in North and Northeast) and indirect (>R$20 million) financing for R&D&I compatible with the new Industrial Policy or national policies related to the Environment; pioneering plants; technological diffusion; digitalization and technology parks.
Technological Diffusion. Indirect financing (<=R$20 million) for purchase of equipment with innovative technologies; IT goods with national technology and that comply with the Basic Production Process (PBB); and for the contracting of technological services.
Automatic Investment. Indirect financing to support the digitalization and digital transformation of companies within the scope of the Brasil Mais Produtivo Program.
Investment in Innovation. Direct (>R$20 million, or >R$10 million in North and Northeast) and indirect (>R$20 million) financing for R&D&I compatible with the new Industrial Policy or national policies related to the Environment; pioneering plants; technological diffusion; digitalization and technology parks.
Technological Diffusion. Indirect financing (<=R$20 million) for purchase of equipment with innovative technologies; IT goods with national technology and that comply with the Basic Production Process (PBB); and for the contracting of technological services.
Automatic Investment. Indirect financing to support the digitalization and digital transformation of companies within the scope of the Brasil Mais Produtivo Program.
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Policy types