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With The Largest Investment In History, BNDES Accelerates The Technological Transformation Of Brazilian Companies And Supports Micro, Small And Medium Enterprises.
The National Bank for Economic and Social Development (BNDES) is putting on a true investment show in innovation! In just the first eight months of 2024, the bank has already approved a mega investment of R$ 5.9 billion for projects that will transform the Brazilian industry. This amount is the largest recorded since 1995, when the historical series began, and has already surpassed all approvals from the last five years. What does this mean? That innovation is on the rise and that BNDES is fully geared up to strengthen technological development in the country, making companies more competitive and generating jobs.
Mega Investment In Innovation
If you think R$ 5.9 billion is a lot, wait until you find out that this amount is more than double what was approved in 2011, which was the second largest year in history, at R$ 2.9 billion. And the most impressive part? From January 2023 to now, BNDES has already released R$ 11.2 billion for innovation projects. That’s right, more than R$ 11 billion to boost the future of industry in Brazil!
This mega investment is directly linked to the BNDES More Innovation Program, created to help transform the Brazilian industry with a focus on new technologies. According to the bank’s president, Aloízio Mercadante, the goal is to make Brazil stand out even more on the global stage, creating innovative products and generating high-skilled jobs.
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The Impact Of Innovation On The National Industry
The BNDES More Innovation Program is in full swing and has already shown its purpose. Since it began operating in September 2023, the program has approved a total of R$ 8 billion for Brazilian companies. This support is changing the face of industry, helping both large corporations and micro, small, and medium enterprises (MPMEs), which are the largest responsible for the generation of jobs in the country.
According to the director of Productive Development at BNDES, José Luís Gordon, the support for innovation for MPMEs is the largest in the bank’s history. From January to August 2024, R$ 2.4 billion was approved for these companies, representing 41% of the total approved for innovation. And the best part? Micro, small, and medium enterprises are more prepared than ever to grow and innovate.
Micro, Small And Medium Enterprises On The Innovation Route
MPMEs are being greatly benefited by BNDES’s mega investment. In 2024, support for these companies has hit records! R$ 2.4 billion was approved for innovation, and of that amount, R$ 1.4 billion was allocated to medium-sized companies. This represents 56% of the total approved for MPMEs this year.
For microenterprises, BNDES released R$ 200 million, and for small enterprises, R$ 900 million. This support is crucial for these companies to invest in new technologies and grow sustainably.
The Role Of BNDES In The Technological Transformation Of Brazil
President Lula has made it clear that one of the objectives of his government is to transform the Brazilian industry, and BNDES is fulfilling this mission. The BNDES More Innovation Program is the central piece of this transformation, bringing a mega investment to promote technological development and competitiveness of national companies.
And this is not just important for large companies. Support for MPMEs is also essential, as they play a fundamental role in the Brazilian economy. With the help of BNDES, these companies can invest in innovation and technology, standing out in the market and generating more quality jobs.
With all this mega investment in innovation, the future of the Brazilian industry looks promising. BNDES is betting big that national companies will become leaders in innovation, both here and abroad. And the numbers do not lie: from January to August 2024, R$ 5.9 billion was approved for innovative projects.
This is a great victory for Brazil, which has been consolidating itself as one of the countries that invest the most in technology and innovation in Latin America. And with the support of the government and BNDES, this trajectory is only expected to grow.
