New Brazilian, legal framework for innovation

The public hearing of the Parliamentary Group on Science, Technology, Research and Innovation concluded that increasing investment in research and development is critical to the strengthening of science, technology and innovation in Brazil as well as strengthening and developing the interaction between industry and academia.
Investment in R&D in the private sector is important for providing additional funds to the already existing funding allocated to universities. The Inova Empresa programme plays an important role in facilitating this however, a legal framework that provides security for researches and investors is fundamental to let Brazil compete in the international market.
“The regulatory framework for innovation is critical to Brazil’s industrial policy. It is a matter of competitiveness of our businesses,” stated the Secretary of Innovation of the Ministry of Development, Industry and Foreign Trade (MDIC), Nelson Fujimoto.
As the Vice President of Research and Reference Laboratories of Fiocruz, Rodrigo Guerino Stabeli, points out, the mere financing of research activities does not automatically translate into competitiveness, unless the creation of legal mechanisms to encourage the practice in the country is encouraged. “It is no use having funding policies if Brazil does not incease the regulatory mechanisms that can increase the competitiveness of science of promote flexible purchases of inputs for that to happen”, he asserts.

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