ARTICLE · 18 FEBRUARY 2016

New Science, Technology And Innovation Act

Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados

Explore more from Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados

The Act seeks to foster public-private partnerships in technology-related areas to encourage and facilitate scientific development in Brazil.

BrazilGovernment, Public Sector

Maria Fernanda De Almeida Prado

Ana Candida Sammarco

Juliana Gebara De Sene

This past Monday, the President signed Law No. 13,243/16 known as the New Science, Technology and Innovation Act ("Act"). The Act amends the Innovation Act of 2004 (Law Nº 10,973/2004) and regulates incentives for scientific development, research, technological capacitation and innovation.

The Act seeks to foster public-private partnerships in technology-related areas to encourage and facilitate scientific development in Brazil.

The Ministry of Science, Technology and Innovation and the National Council for Scientific and Technologic Development also released, together with the approval of the Act, the Bid Notice to allocate public funds for scientific and technologic research projects for the next two years ("Chamada Universal CNPq/MCTI Nº 1/2016").

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