The Role of Public Institutions for Innovation Support in Brazil

Abstract

The aim of this study was to present a brief description of the main public instruments for innovation support in Brazil. We also show a preliminary assessment of the use of these instruments in innovative companies. We conducted a two-step analysis. In the first part we conducted a quantitative descriptive analysis of historical series about resources allocation available by FINEP. In the second part we performed a qualitative in-depth analysis of six companies that used the financial benefits offered by FINEP and BNDES to support innovative projects. The responses of the interviews were used to identify the perception of the attractiveness of public instruments for innovation support and possible limitations to their use, while other information was used to present the main public instruments for innovation stimulus in Brazil. The results showed that the investigated companies are interested in using the instruments; however, they face difficulties for their adoption, due to excessive bureaucracy, high costs of innovation, and legal insecurity.

Development of environmental policy instruments for renewable energy sources by municipalities

“…They are developing independently and are equally important but on a different scale. In line with the EU strategy, the perspectives for further development depend on the ability to raise the level of innovation through institutional incentives in all Member States (Cirani et al, 2016). The responsibility for creating conditions for innovation-driven growth fell on Regional Authorities -they have responded by forming Regional Innovation Strategies (RIS is the essential tool for shaping the innovation policy at the regional level).…”

Gastos com P&D e a Expectativa de Geração de Balor nas Firmas Brasileiras

“…Particularly in Brazil, the government provides many forms of subsidies, but which are end up absorbed by a small number of big firms (Menezes Filho et al, 2014). Cirani et al (2016) argue that a lack of effectiveness arises in the implementation of the incentives by public agents and companies. Consequently, it promotes excessive bureaucracy, slowness in projects, high costs of innovation, low reliability in receiving resources and legal uncertainty, hampering the use of these instruments by national firms (Cirani et al, 2016).…”