O papel das instituições de fomento no desenvolvimento da inovação tecnológica das empresas brasileiras

Abstract

Technological innovation investments has played an important role in the development of firms and countries in the recent world scenario. Considering the high costs incurred in innovative effort, with its risks and uncertainty, the performance of public institutions to foster development is crucial to the promotion of technological development. The goal of this work is to discuss the role of innovation support policies and analyze the performance of the main federal institutions of technological innovation in Brazil: BNDES (Brazilian National Bank for Social and Economic Development) and FINEP (Funding of Studies and Projects). The results show that in the last decade, innovation policy instruments have become more comprehensive, and that there is complementarity between the instruments offered by these two agencies.