Financiamento à Inovação no Brasil: análise da aplicação dos recursos do Fundo Nacional de Desenvolvimento Científico e Tecnológico (FNDCT) e da Financiadora de Estudos e Projetos (FINEP) de 1967 a 2006

• Autor(a) principal: Melo, Luiz Martins de
• Data de Publicação: 2009
• Tipo de documento: Artigo
• Idioma: por
• Título da fonte: Revista Brasileira de Inovação (Online)
• Texto Completo: https://periodicos.sbu.unicamp.br/ojs/index.php/rbi/article/view/8648976
• topic: National Innovation System; Financing; FNDCT; FINEP; O38; O16; O32; Sistema nacional de inovação. Financiamento. FNDCT. FINEP.; O38; O16; O32

The current work is focused on analyzing the innovation financing activities through the analysis of the outlays of the Fundo Nacional de Desenvolvimento Científico e Tecnológico – FNDCT (Funding for Scientific and Technological Development) and also through Financiadora de Estudos de Projetos – FINEP (Research and Projects Financing) during 1967-2006. Based on the concept of National System of Innovation a division in two periods will be proposed, which are 1967-1997 and 1998-2006, that has its landmark in the institutional change which created the sectoral funds as the primary source of funds to the FNDCT as well as setting up of a new governance to manage them. In order to understand those changes a comparison between the two periods will be made to point out the main features in both periods, that influenced the allocation of funds to FNDCT and FINEP and how those different features influenced the general priorities of FNDCT and FINEP outlays in each period. The conclusion points out to a higher average outlay per year and a priority to finance Brazilian owned firms in the first period. Despite the increase in the tax collection to sectoral funds in the second period, the amount of resources at disposal of the FNDCT and FINEP were hindered by a very tight macroeconomic policy, and by the lack of operational integration among the financial instruments to support innovation.