Redirigiendo al acceso original de articulo en 22 segundos...
ARTÍCULO
TITULO

Financing Innovation in Brazil: the role of the Brazilian Development Bank

Graziela Zucoloto    
Mauro Oddo Nogueira    
Larissa de Souza Pereira    

Resumen

This paper presents the role of the National Development Bank (BNDES), the main public development agency in Brazil, in financing technological innovation. The scarcity of financing for innovation has always been considered as a limiters to Brazilian technological development. And, given the characteristics of the innovative process, public funding plays a central role. Therefore, understanding the evolution of the role of the BNDES - one of the largest development banks in the world - in stimulating innovation is essential. Firstly, it presents a historical description of the Bank's activities, followed by a brief description of the measures to support innovation in Brazil over the last two decades. In the third section we discuss the evolution of BNDES as a financing agent for technological development, including the instruments offered by the institution and their reformulations over time. In the fourth section, the profile of innovation expenditures carried out by BNDES, according to their origin (instruments used) and destination (sectors and profile of companies supported), is evaluated. Finally, the fifth section presents the final considerations.The differential of this article is to detail, for the first time, the participation of this relevant Brazilian institution in financing innovation. The analysis has an institutional approach: it does not present an impact analysis, but it allows the reader to understand the changes in the instruments and in the priorities that the institution has assumed in the last decades. This analysis is essential to understand the logic and evolution of the country's largest development institution. 

 Artículos similares

       
 
Richard J. Granger, Tomasz Kosmider     Pág. 4080 - 4084
First class transport is fundamental for a healthy society and a thriving economy. By providing a high degree of mobility for ideas, people and goods, it enables innovation to flourish, businesses to serve wide markets and citizens to travel easily for w... ver más

 
Virgilio Ghio, Roberto Bascuñan     Pág. Page 207 - 218
This article discusses the main aspects of technology innovation in construction and particularly the needs and possibilities currently present in Chile. The authors conclude that the introduction of cutting edge technologies in construction is especiall... ver más