Challenges to National Innovation Systems: the BNDES perspective

Transcription

1 Challenges to National Innovation Systems: the BNDES perspective Mauricio Neves Deputy Director of Industrial Division October/2015

2 What have we learn from Inova Empresa? GOVERNANCE PETRO AGRO ENERGIA DEFESA PETRO 2 SUSTENTAB. PAISS AGRÍCOLA FINEP OTHERS BNDES COORDINATION PAISS SAÚDE TELECOM GOVERNMENT Mar Abr Mai Jun Nov Dez 2014 Jan Fev EMPRESA CHALLENGES COMPANIES R&D CENTERS, UNIVERSITIES AND INSTITUTES QUALITY OF THE PROJECTS

3 1) Policy should be challenge driven Innovation and Entrepreneurial Challenge: Renew the biofuels sector using cellulosic feedstock Cellulosic material does not compete with food, which will help to reduce the remaining resistance and contribute to foster the use of biofuels in a even larger scale. When integrated to the 1 st generation process, cellulosic feedstock may increase the productivity by at least 40%. In the case of sugarcane, it may be possible to reach more than 10,000 liters of ethanol per hectare.

4 2) Policy should foster cooperation between agents of the National Innovation System Biotechnology for advanced biofuels environment High-yield and non-food energy crops

5 2) Policy should foster cooperation between agents of the National Innovation System biofuelsdigest.com US$M 35 Business Plans approved result in a potential investment of BRL 3.4 bn (~ USD 1.7 bn in 2011), which represents a dramatic increase. COORDINATION

6 A Taste of Initial Results Estimates of cellulosic ethanol production for 2015 (million liters)* Before PAISS* 168 Previous estimates for 2014 After PAISS Due to PAISS cellulosic ethanol projects and the delay or standtill of US and EU projects, now Brazil can celebrate a quite different scenario in the race for advanced biofuels. Estimates for 2015 (researched in 2014) Source: FO Licht, Nyko et al (2010) and BNDES. (*) Before-PAISS estimates refer to 2014.

7 +Financing Equity 3) Challenges, risks and efforts are the drivers for funding: Joint Support Plans materialize institutional cooperation Equity, Funds and Capitalization Venture Capital Funds Private Equity Funds Stocks and Debentures Capital Market IPO PROSOFT for IT Special Programs PROFARMA for Pharmaceutics Lines and Products Business Enterprise Projects Industrial Projects Machinery and equipment BNDES Card for SMEs Innovation Exports Environmental Projects FUNTEC Technological Fund

8 4) Industrial and Technology Policy should be combined. Ex: Challenge: Drugs based on Biotech Discovery/ Research Cell bank development Process development (scale-up) Product development (Pre-clinical and clinical tests) Production Universities and research institutions Grants and Venture Capital BNDES support for biotech projects in pharmaceutics, US$ million Until Greenfield Pharma Projects Debt (BNDES Profarma) Direct Equity (BNDESPar) Industrial policy strategy Finance BNDES FINEP Demand Ministry of Health Regulatory ANVISA

9 Back End Fabricação Front End EDA Projeto de CI 5) Resilience is a must: learning curve is part of the policy process PITCE PDP PBM PNM e Estudo BNDES CI Brasil: apoio inicial a 7 DHs e instalação de 2 CTs Lei de Informática: estímulo ao CI local PADIS: incentivos tributários e proteção de PI CI Brasil: apoio para a 5 DHs Privadas Desoneração de Folha (Lei /2013) Reconhecimento do CI c/ Projeto local (Portaria MCTI 1.309/13) PADIS atualizado parcialmente p/ atender a algumas necessidades da indústria CTI Freescale LSI-Tec Idea! Eldorado Von Braun E CEITEC DH Cetene Silicon Reef Chipus SM DH STI BrPhotonics Jasper/Cadence CEITEC (laminação) Unitec Smart CEITEC Multilaser HT Micron

10 Conclusion: Incentivizing the National Innovation System 1 and 2) Policy should be challenge driven => focus on systemic competitiveness reinforcing different players and their links => more effectiveness on resource allocation 3) New funding models ( Joint Support Plan ), institutional cooperation => governance improvement 4 and 5) Dynamic policy process combining industrial and technological perspectives: acknowledgement of learning curve, risks, uncertainty and externalities => what would be an effective auditing methodology?

11 Thank you!!! 11