BRDE allocates R$ 95 million for innovation in Paraná

The Regional Development Bank of the Far South (BRDE) has allocated R$ 95.1 million to fund innovation projects for micro, small, and medium-sized enterprises in Paraná. Operating through the Inova Paraná Program, the initiative targets companies with annual revenues of up to R$ 300 million to boost investment capacity and competitiveness.

The funding covers various needs, including the development of new products or processes, technological modernization of production lines, and service activities. The program also includes a working capital modality specifically designed for innovative companies.

Inova Paraná is structured into three main modalities:

1. Innovation Development: Finances the creation or improvement of products, processes, and services, with credit up to R$ 3 million per company. 2. Digital Transformation: Supports investments up to R$ 2 million per company for items such as machinery, equipment, and software incorporating technologies like artificial intelligence, IoT, cloud computing, and Big Data. 3. Working Capital: Specifically tailored for innovative businesses.