Frequently Asked Questions

• What is innovation financing?

  

  Innovation credit lines are grouped into two main categories:

  Project - the goal is to finance an innovation for the company, in the form of a budget that will result in a new product, new service, or new process. It is essential to characterize the company's effort to develop internal knowledge/own technology to achieve one of these goals.

  Lists - financing of individual items without the need for a project, which have already been previously certified by manufacturers/suppliers as innovative by entities such as Finep, BNDES/Finame, or MCTI (Ordinance 950). For example, equipment from "Industry 4.0" and solutions from the Inovacred 4.0 line.

  BDMG offers more than 10 credit lines/modalities in these two categories.

• In an “innovation project” operation, what can be financed?

  

  "Innovation project" operations can finance the following items, provided they are linked to the objective of enabling a "new product/service or new process" for the company:

  • Civil works, installations, assemblies, furniture, and utensils.
  • National and imported equipment.
  • IT infrastructure (hardware and software) and technological development.
  • Raw materials and consumables.
  • Research and development.
  • Training programs.
  • Consulting and third-party services.
  • Associated working capital, limited to 30% of the financed amount (only in the Pró-inovação line).

• Is it necessary to prove the use of funds?

  

  Since it is project financing, expenses must be proven, as well as the deliverables specified in the project.

• Why are innovation credit lines so affordable?

  

  They benefit from public subsidies, resulting in better cost and access conditions.

  The Pró-inovação program lines, exclusive to Minas Gerais, are supported by Fapemig. Rates start at 60% of the Selic + 1.2% per year.

  The lines from Finep or BNDES are funded by federal funds like FNDCT and Funttel. Therefore, the rates are much lower than market rates, starting at 6.068% per year + T.R., and are indexed to TR (not Selic).

• Who can apply for innovation credit lines?

  

  Legal entities with a valid CNPJ, of all sizes and in various sectors, with projects to be developed in Minas Gerais. It is not necessary to be a tech-based company.

• Are there differences in credit lines according to the size of the company?

  

  Yes, there are substantial differences depending on the size and type of innovation. For companies with gross revenue between R$ 0 and R$ 16 million/year, BDMG offers the Pró-inovação MPE line. For larger companies, other lines are available.

  Request additional information by filling out the contact form on this page.

• My company is a startup with an innovative project but no revenue yet. Can I apply for credit?

  

  Yes, the Pró-inovação MPE line serves companies with annual revenue between R$ 0 and R$ 16 million. It offers subsidized rates, allows operations of up to R$ 1 million, and does not require real guarantees for credit approval. The grace period is 18 months (interest only) and the amortization period is 42 months (interest and principal), totaling 60 months.

• What is not eligible for innovation financing?

  

  If the company needs working capital or resources for commercial or production expansion, BDMG offers other credit lines, as these purposes are not considered innovation. Similarly, other lines are available for photovoltaic energy, tourism, agribusiness, machinery/equipment/vehicles, among others.

• Which Finep lines does BDMG offer in Minas Gerais?

  

  BDMG offers Finep decentralized credit lines for companies with Gross Operating Revenue between R$ 4.8 and R$ 300 million/year, such as:

  • Inovacred
  • Inovacred Telecom
  • Inovacred 4.0
  • Innovative Telecom Acquisition

• Which BNDES innovation lines does BDMG offer in Minas Gerais?

  

  BDMG is a traditional provider of various BNDES lines. Specifically for innovation, it offers:

  • More Innovation: Finame 4.0, Services 4.0
  • Telecom: Finame Funttel

• What is BDMG’s relationship with Fapemig?

  

  BDMG and Fapemig are partners in the Pró-inovação credit line, which is also managed by the State Secretariat for Economic Development of Minas Gerais. This partnership enables such favorable conditions in rates, terms, and guarantee requirements.

  It is worth noting that BDMG operations are not grants (i.e., non-refundable). If you are looking for this type of resource, visit Fapemig directly at www.fapemig.br