The initiative grants funding of up to R$ 20 million
With the objective of fostering growth and increasing the competitiveness of micro, small and medium-sized companies, the BNDES (National Bank for Economic and Social Development) operates with the MPME Inovadora credit line. Through regional partners such as BRDE (Banco Regional de Desenvolvimento do Extremo Sul) and Desenvolvimento SP (Agência de Desenvolvimento Paulista), the initiative grants financing of up to R$ 20 million to technology companies that present innovative characteristics and revenue below R$ 90 million a year.
Announced in partnership with ABES, through its Innovation and Development department, this credit line offers more attractive rates to entrepreneurs, with 6.5% of interest per year and a term of up to 120 months with a grace period of up to 48 months. According to André Medrado, an analyst at the BNDES' Information and Communication Technology Department, the program helps to bring the BNDES closer to micro and small companies. “This line is a way of increasing the BNDES' reach through regional banks. BNDES has always had the challenge of working with small innovative companies and this line comes to help us.”
To learn more about this and other initiatives of the ABES Innovation and Development department, click here.
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