Desafios da Finep e o fomento à inovação

Abstract

This article analyzes the challenges faced by Finep as the traditional public agency managing the funding of innovative companies and of scientific and technological institutions (ICTs) in Brazil, as well as its need of adapting its juridical-institutional model to the dynamics of stimulus to innovation. It seeks
to outline the evolutionary path of this agency, and compare it to those of other public funding institutions, mainly as regards to the patterns of funding and financial sustainability. We argue that, despite the pioneering character conferred upon Finep’s institutional model, according to which a public federal funding
institution was created – and accredited by the National Monetary Council – such juridical-institutional setting has been neglected throughout its historical evolution, and has even been dissociated from the regulatory environment guided by the Basel Accords, which rule over the national financial system (SFN).