Finep says fund will not contribute to Science without Borders from 2016

Finep says fund will not contribute to Science without Borders from 2016

Finep, the innovation promotion agency of the Ministry of Science, Technology and Innovation (MCTI), signed with the economic team an agreement to zero, by 2019, the allocation in "re ...

Finep, the innovation promotion agency of the Ministry of Science, Technology and Innovation (MCTI), signed with the economic team an agreement to clear, by 2019, the allocation in a "contingency reserve" of resources from the National Fund for Scientific and Scientific Development. Technological (FNDCT), formed by sectoral contributions and the main budgetary source of the portfolio.In addition, next year, the fund will no longer direct resources to pay programs not directly related to innovation, such as Science Without Borders, which consumed $ 1 billion of the budget planned for this year.Citing memory data, Finep's president, Luís Fernandes, estimated that $ 600 million of a planned budget of $ 3.6 billion for this year were allocated in contingency reserve.Finep is the main executor of FNDCT resources.According to Fernandes, the only thing left to do with the Ministry of Finance is a schedule for gradually reducing the amounts in contingency reserve year by year."A schedule is m...


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