# Brazilian regional and sectoral development financing > Live situation record from CLSTR: https://clstr.news/situations/brazilian-regional-and-sectoral-development-financing > Updated: 2026-08-25T13:36:47.000Z. Sources: 7. Developments: 2. Brazil is implementing various financial initiatives to support regional development and specific economic sectors. Finep, an agency linked to the Ministry of Science, Technology and Innovation, announced a financing package designed to reduce regional inequalities by providing up to 100% project cost coverage for the North, Northeast, and Center-West regions. This initiative focuses on technological sovereignty, productivity, and high-impact innovation, including support for machinery and IT equipment. Additionally, the FIP Conexões Startups fund, a joint venture between BNDES and Finep, is seeking managers to oversee up to R$ 250 million in capital to support early-stage startups. In a separate development, the Brazilian Development Bank (BNDES) launched the second cycle of its Bioinsumos program. This program offers R$ 40 million in non-reimbursable resources to support family farming, specifically targeting cooperatives and associations involved in food production and commercialization. The current cycle prioritizes proposals from the North and Northeast regions. ## Timeline ### 2026-08-25: BNDES opens R$ 40 million fund for family farming bioinputs BNDES has opened a national call for R$ 40 million in non-reimbursable funds to support bioinputs for family farming, prioritizing the North and Northeast regions of Brazil. 2 sources. https://clstr.news/cluster/bndes-opens-r-40-million-fund-for-family-farming-bioinputs ### 2026-08-17: Finep announces innovation financing for Brazil's North, Northeast, and Center-West Finep is launching new financing measures in Brazil, offering up to 100% coverage for innovation projects in the North, Northeast, and Center-West, alongside a R$ 250 million startup investment fund. 5 sources. https://clstr.news/cluster/finep-announces-innovation-financing-for-brazils-north-northeast-and-center-west --- Cite as: Brazilian regional and sectoral development financing. CLSTR, https://clstr.news/situations/brazilian-regional-and-sectoral-development-financing