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FINEP, the federal innovation-financing company under Brazil's Ministry of Science, Technology and Innovation (MCTI), reopened its Inovacred decentralized-credit line with R$1 billion drawn from the FNDCT (Fundo Nacional de Desenvolvimento Científico e Tecnológico). Inovacred is a reimbursable financing instrument — not a grant — offered at TR+6.068% p.a., up to 96 months total term with a 24-month grace period, and up to 100% FINEP participation in eligible project costs (equipment, software, infrastructure, labor, and specialized services tied to product/process/service innovation). The credit is disbursed through roughly 30 accredited financial agents (state development banks and cooperative-credit institutions) rather than directly by FINEP, which is the "decentralized" mechanism. At least R$300 million of the R$1bn tranche is regionally ring-fenced for the North, Northeast and Center-West — a standing FNDCT equity-of-access requirement. Submission opened 3 November 2025 with a contracting deadline of 31 December 2025. FINEP is one of the three financing arms (with BNDES and Embrapii) explicitly tasked with executing Nova Índia Brasil / Nova Indústria Brasil (NIB), the January 2024 national industrial policy, making this tranche one of the recurring FNDCT credit releases that operationalize NIB's financing pledge.
R$300bn envelope) — track cumulative FNDCT/Inovacred disbursement as one quantitative proxy for how fast NIB financing is actually reaching firms versus remaining announced-but-uncommitted.
(e.g. the December 2025 small-tractor subsidy), this tranche has no sector or material restriction, so it does not itself signal a strategic-materials or industrial-policy sector priority.
the 31 December 2025 deadline was not confirmed in this filing.
was fully subscribed, or reverted to the general pool.