Finep announces significant reductions in the interest rates of its main lines of credit, in addition to more favorable conditions of grace period, total term and participation. The central objective of the change is to increase the productivity of Brazilian companies through innovation. About R$ 3.5 billion should be demanded, according to analysts at the financier.
For innovations considered strategic for the country and which are not yet available in the domestic market, the cost of financing has become one of the lowest in the segment: it went from TJLP to TJLP-0.5% aa, with the possibility of accumulating further reductions.
The rate of the line most demanded by entrepreneurs – Inovação Pioneira – was reduced from TJLP+1.5% to TJLP+0.5%, with the possibility of accumulating other benefits. This credit must be used for the development of products, processes and services that are new to Brazil, with a high degree of innovation and relevance for the benefited economic sector.
There were also cuts in interest on three more Finep lines, aimed at differentiating products, processes and services; cost reduction; and diffusion of technologies. For these financial products, rates range from TJLP + 1.5% to TJLP + 6.25%.
Bonuses make rates even more attractive
Finep will still grant additional bonuses in two situations. Companies that develop their project in association with universities or research institutes will benefit from a reduction of 1% in the funding fee, regardless of the line. For this, at least 15% of the loan needs to be earmarked for these partners.
This is the Finep Conecta Program, which seeks to articulate and mobilize the actors of the innovation system. In the best case scenario, the rate will be TJLP-1.5%, with a grace period of up to five years and a total term of 16 years, with a participation of up to 100% by Finep in the project. Discounting the inflation expectation for 2018, according to the Focus Bulletin, the real interest rate is 1.27%.
“Brazil needs to respond to the demand for innovation, to strengthen the relationship between companies and universities. We have very fertile ground for a new generation of good scientists, researchers and, above all, good entrepreneurs, who use this technological base to introduce innovation in the production process”, highlights economist Marcos Cintra, president of Finep.
In order to further reduce the total cost of the operation, Finep will also lower interest rates if the company presents financial guarantees (bank guarantee, guarantee insurance or pledge of financial investments). The mechanism not only benefits the borrower with lower charges, but also speeds up the contracting and disbursement times of funds. Under these circumstances, the fee discount varies from 0.5% to 2%, according to each line. The two incentives – Finep Conecta and financial guarantees – are cumulative.
“No one innovates alone: the process is systemic, continuous and requires the mobilization of several agents. The new financing conditions show that Finep is willing to share with companies the risk and uncertainty of the innovation effort. Without this, they will not advance in productivity, and the competitiveness of our economy will be irrevocably threatened”, comments Rennys Aguiar, director of Innovation at Finep.
For innovations considered strategic for the country and which are not yet available in the domestic market, the cost of financing has become one of the lowest in the segment: it went from TJLP to TJLP-0.5% aa, with the possibility of accumulating further reductions.
The rate of the line most demanded by entrepreneurs – Inovação Pioneira – was reduced from TJLP+1.5% to TJLP+0.5%, with the possibility of accumulating other benefits. This credit must be used for the development of products, processes and services that are new to Brazil, with a high degree of innovation and relevance for the benefited economic sector.
There were also cuts in interest on three more Finep lines, aimed at differentiating products, processes and services; cost reduction; and diffusion of technologies. For these financial products, rates range from TJLP + 1.5% to TJLP + 6.25%.
Bonuses make rates even more attractive
Finep will still grant additional bonuses in two situations. Companies that develop their project in association with universities or research institutes will benefit from a reduction of 1% in the funding fee, regardless of the line. For this, at least 15% of the loan needs to be earmarked for these partners.
This is the Finep Conecta Program, which seeks to articulate and mobilize the actors of the innovation system. In the best case scenario, the rate will be TJLP-1.5%, with a grace period of up to five years and a total term of 16 years, with a participation of up to 100% by Finep in the project. Discounting the inflation expectation for 2018, according to the Focus Bulletin, the real interest rate is 1.27%.
“Brazil needs to respond to the demand for innovation, to strengthen the relationship between companies and universities. We have very fertile ground for a new generation of good scientists, researchers and, above all, good entrepreneurs, who use this technological base to introduce innovation in the production process”, highlights economist Marcos Cintra, president of Finep.
In order to further reduce the total cost of the operation, Finep will also lower interest rates if the company presents financial guarantees (bank guarantee, guarantee insurance or pledge of financial investments). The mechanism not only benefits the borrower with lower charges, but also speeds up the contracting and disbursement times of funds. Under these circumstances, the fee discount varies from 0.5% to 2%, according to each line. The two incentives – Finep Conecta and financial guarantees – are cumulative.
“No one innovates alone: the process is systemic, continuous and requires the mobilization of several agents. The new financing conditions show that Finep is willing to share with companies the risk and uncertainty of the innovation effort. Without this, they will not advance in productivity, and the competitiveness of our economy will be irrevocably threatened”, comments Rennys Aguiar, director of Innovation at Finep.
Check the operating conditions here.
EN 
PT 
