BNDES Allots Large Investment to Internet of Things Projects in Brazil

Through funds for innovation, the bank intends to finance projects in areas defined by the country's IoT Action Plan in the next three years.
By Edson Perin

Rivera spoke about the advances that the IoT can bring to the health sector—for example, how to improve efficiency in fighting chronic diseases, control patients, prevent risk situations and epidemics, and increase the efficiency of hospitals in the Unified Health System (SUS). Solutions like these are among the priorities, depending on what the IoT Action Plan already offers as a reference.

"With the pilot projects, with public and private money, we want to evolve in issues such as security and privacy, offering a seal and recognition," says Rivera, stressing the idea of creating collaboration networks for innovation. "Anvisa [the National Agency of Sanitary Surveillance] should establish the complementary norms for the projects."

BNDES can support companies that develop solutions based on the Internet of Things concept through various forms of financing. Direct financing, for example, offers 10 million real for investments in innovation. Finem IT invests 10 million real in business plans for software companies and IT services. And BNDES Giro guarantees 20 million real for working capital.

The indirect financing modality has BNDES Automático, with financing of up to 20 million real for investment projects; BNDES MPME Innovative, with financing of up to 20 million real for innovation projects carried out by micro, small and medium enterprises; the BNDES Card, with credit for the acquisition of goods and services accredited in the BNDES Card Operations Portal; and Shareholding, Direct Investment and Investment Funds.

In December 2016, the IoT officially entered the strategic agenda of the Brazilian government, thanks to the agreement between MCTIC and BNDES, which had the transfer to the bank of 17 million real to support studies that would be based on the National IoT Action Plan. The agreement was signed in the presence of the consortium formed by McKinsey & Co., Fundação CPqD and Pereira Neto | Macedo Advogados.

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