By Fernando de Castro
The National Bank of Economic and Social Development (BNDES) approved R$20 billion (US$4 billion) in resources for investments in innovation in the country.
The institution's president, Aloizio Mercadante, announced the subsidy on Thursday, 25, during an event for industry business people at the Federation of Industries of the State of São Paulo (Fiesp).
According to Mercadante, the R$20 billion is to be lent by BNDES over . . .
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