The Brazilian government’s support plan, called “Inova Aerodefesa” is an initiative of FINEP, BNDES, Ministry of Defence and the Brazilian Space Agency to support the sectors Aerospace, Defence and Security. Through the plan, were selected Brazilian companies’ Business Plans committed to research topics, development and innovation of the productive chains of these sectors were selected.
On February 25 FINEP released the final result of the plan and Novaer fell within the “Category 1” (Aerospace) and was approved in the modalities: Refundable, Economic Subsidy and ICT/Company Cooperation, together with the CERTI Foundation and ITA.
Source: FINEP
