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ARTICLE · 21 MARCH 2013

The New Technological Innovation Act In Brazil

The new law, seeking Brazil's technological autonomy, establishes special measures for technological development.

BrazilStrategy
Attilio Ventura Gorini
Attilio Ventura Gorini

The Brazilian Congress enacted the Technological Innovation Act, Law No. 10.973/04 on December 2, 2004, which creates incentives for scientific and technological innovation in a productive environment. The new law, seeking Brazil's technological autonomy, establishes special measures for technological development. Among the measures contemplated in the law are support for the establishment of strategic alliances and the development of cooperation projects involving Brazilian companies.

Specifically, the law creates several tools in order to allow, among others, the sharing of laboratories among very small and small companies, the participation of the federal government in the stock capital of companies aiming at developing scientific projects as a way of injecting money in such enterprises, differentiated remuneration system for public employees who participate in such researches, a guaranteed minimum of 5% of the royalties on the profit for the inventor, partnerships

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