Brazil Launches Artificial Intelligence Network for Domestic Auto Industry and Agribusiness
RIO DE JANEIRO, BRAZIL – The Brazilian government has announced the launch of a national innovation network focused on artificial intelligence (AI) with the aim of increasing the production capacity and competitiveness of local industries.
Described as the largest in the country, the network is the result of the cooperation between the Ministry of Science, Technology, and Innovations (MCTI) and the Brazilian Industrial Research and Innovation Company (EMBRAPII).
An investment of R$70 million (US$12 million) deriving from government incentives will go towards the MCTI/EMBRAPII network in the next five years, of which R$20 million (US$3.5 million) will be focused on AI applied to the automotive and agribusiness sectors. The model provides for equal contributions from the private sector, which could double the value of individual projects.
The goal of the network is to encourage the use of advanced technologies in various productive sectors, through the provision of non-refundable resources, as well as access to an innovation ecosystem with complementary technological skills.
A network of 17 research centers with infrastructure and skilled professionals in areas such as machine learning, Internet of Things, and Big Data, that support industry to innovation is also part of the initiative.
Part of the resources to be provided under the network will be used to develop the AI competence of the research centers and to strengthen domestic research, development, and innovation capabilities in the field. These research centers are also expected to intensify the international exchange of knowledge and reciprocal collaboration with the main AI networks in the world, particularly in Europe, Israel, and North America.
Projects by small companies and startups, especially those engaged in high tech projects, are also within the scope of the network. According to EMBRAPII, non-refundable financing and technical-scientific support will be offered throughout the development cycle of the projects until the product or service hits the market.
The Network will also aim to promote the cooperative development of projects between different organizations in the private sector. Such cooperation can be carried out between companies that belong to the same production chain, to generate new products and processes that benefit the entire sector.
Cooperation will also be promoted within the Network between startups and incumbents who are seeking to innovate in a particular business model which is still well known or used in Brazil. Collaborative work could also take place among competitors, using a model in which they share costs and risks of the development of a particular technology, but then apply the technology according to their own individual strategies.
Source: MercoPress
More: Brazil news in English, every day from The Rio Times.
This article was produced by The Rio Times’ automated AI newsroom. Editorial responsibility: Matthias Camenzind, Publisher and Editor-in-Chief. The Rio Times also runs Ask Rio Times, which answers from 100,000+ of our own articles, the daily Latin America Power Map, and prediction-market odds on elections and markets.. How we use AI · Report an error
LatAm Markets: Live Signals → — real-time movers, turnover leaders and FX across Latin America.
Brazil runoff, Sunday, October 25: Brazil runoff: date, poll closing times and when results start. Latest: Brazil runoff polls, Flávio 51%, Lula 49%.