Saturday, 9 June 2012

R&D funding for collaborative Brazil-Canada projects

I am not sure why but when I think of Brazil and research I always think of Alberto Santo Dumont maybe because I adore the watch Cartier made for him and named after him.  For those of us who love watches, we have Alberto Santo Dumont to thank for the popularity of the wristwatch.   No, I am not going to go into the debate of who was the first inventor of the airplane the Wrights brothers or Santo Dumont ... However I do hope that we see many innovative projects resulting from the collaboration between Brazil and Canada  especially now through the new ISTPCanada program.

An often overlooked program for companies seeking bi-lateral research and development is the International Science and TechnologyPartnerships Inc. (“ISTPCanada”) has now launched an R&D collaboration program between Canada and Brazil.  This program is mandated by the Federal Government of Canada through Foreign Affairs and International Trade Canada (DFAIT) and provides an opportunity for a Canadian business to enhance its R&D with counterparts in Brazil.  Canada will provide up to $400,000 to Canadian company qualifying under the program.  It should be noted that this amount need not be repayable at the completion of the project.  If the Canadian entity is a Canadian university then the National Sciences and Engineering Council of Canada (“NSERC”) will award funding directly.  Under the Brazilian program, the Brazilian company will receive funding from the State it is carrying on research.

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