AgeRio Provides R$56 Million in Loans for Innovation Projects

The state development agency funded more than thirty projects between 2013 and 2017 to promote innovation and economic development.

By Melissa Van Brunnersum, Contributing Reporter

RIO DE JANEIRO, BRAZIL – AgeRio released survey results last month indicating that between 2013 and 2017, the state development agency provided loans worth R$56 million for thirty projects to promote innovation and economic development. AgeRio gives loans and customized financial solutions to businesses of all sizes in the state of Rio de Janeiro.

AgeRio is managed by Inovacred, a program derived from FINEP (Brazilian Enterprise for Innovation and Research). Inovacred assists finance companies to develop new products, improve existing ones, and increase company competitiveness.

AgeRio operates by delivering credit transfers from institutions such . . .

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