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Brazil, R&D and the role of clusters

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esearch <strong>and</strong> development in companies. In 1971, FINEP became <strong>the</strong> Executive Secretary <strong>of</strong> <strong>the</strong> newly<br />

created Fundo Nacional de Desenvolvimento Científico e Tecnológico — FNDCT (Funding for Scientific<br />

<strong>and</strong> Technological Development.<br />

SEBRAE: Sebrae was created to encourage entrepreneurship <strong>and</strong> sustainable development <strong>of</strong><br />

enterprises <strong>of</strong> small <strong>and</strong> micro enterprises in <strong>Brazil</strong>. It is a non-pr<strong>of</strong>it private entity created in 1972 <strong>and</strong><br />

has as mission to promote competitiveness <strong>and</strong> sustainable development <strong>of</strong> small <strong>and</strong> micro<br />

enterprises. Also works with focus on streng<strong>the</strong>ning entrepreneurship <strong>and</strong> in speeding up <strong>the</strong> process <strong>of</strong><br />

formalization <strong>of</strong> <strong>the</strong> economy through partnerships with <strong>the</strong> public <strong>and</strong> private sectors, training<br />

programs, access to credit <strong>and</strong> innovation, stimulating clustering, fairs <strong>and</strong> business conferences.<br />

Page 40 <strong>of</strong> 40

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