Innovation Projects

Technological knowledge in today’s competitive world market tends to be increasingly bigger and more diverse.

The increase in training has become essential to developing countries. Today’s global economy is characterized by the accelerated diffusion of information and new technologies and by the shortening of distances. The ever growing number of economic processes is in constant demand for better trained workers.

Countries generally stimulate technological development through a variety of mechanisms, independently of its economic development level. These mechanisms, such as tax incentives, financing and regulating laws, may vary according to the country’s institutional system.

In Brazil, innovative businesses represent 75% of the industrial added value. These companies are more productive, hire more and offer the market better wages than those which don’t invest in innovation.

The Federal Government is highly supportive to this kind of initiative. It has been creating financing programs that back up companies investing in research and development, such as the financing options provided by the BNDES (National Economic and Social Development Bank) and Finep (Research and Projects Financing).

As another example of the government’s incentive to research and innovation projects, it has issued a decree in which all expenses a corporation, subjected to income taxation based on real profit, has in hiring the Scientific and Technological Institute – ICT – for scientific, technological and innovation research purposes, is deducted from its net profit value for the real profit assessment and calculation basis for the CSLL (federal tax levied on corporations for the financing of social security).

New innovation management techniques are introduced each day with total incentive and support of the governments.  National and multinational companies need constant and speedy adaptation to the new processes and its innumerous variations.

ELO Management provides development in different technological innovation projects and aids in obtaining tax incentives from the government in order to make these projects possible.

There are several reasons for companies to invest in technological innovation projects, but the main one is that those who don’t are considered to be practically out of the market and unproductive. 

The expertise of the ELO Management involves the following issues:  


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