Brazil's government is putting the finishing touches on its brand new national research and industrial innovation company, Embrapii, which will be launched in the next few days, government news agency Agência Brasil reported.
"The term of reference [the document that sets up the company] will be signed this week," said the science, technology and innovation ministry's executive secretary, Luiz Antonio Rodrigues Elias, following a meeting with executives at national industry confederation CNI's headquarters in São Paulo to discuss the project's details and framework. CNI is partner of the government in this enterprise.
Embrapii's main goal will be to support Brazilian companies in developing high-skill, strategic products and technologies that can enhance their competitiveness in national and international markets.
During the first three years of operations, three national laboratories - technological research institute IPT from São Paulo state, national technology institute INT from Rio de Janeiro, and integrated technology and manufacturing center Cimatec, from Bahia - will receive Embrapii funding to carry out research on Brazil's industrial interests.
The government predicts some 30 research centers will be registered with Embrapii by 2014.
Embrapii's initial public funding is 90mn reais (US$51mn) coming from the federal government, through the science and technology ministry's national scientific and technological development fund (FNDTC).
The funding corresponds to nearly a third of Embrapii's estimated budget. The remaining two-thirds will come from the companies benefiting from the research conducted.
Embrapii's funding projects will mostly focus on companies in the pre-salt oil, nanotechnologies, biotechnologies, semiconductors and chips and software fields.