Brazil Adds Alternative Proteins to Treasury-Backed Innovation Fund Auction

Brazil's National Treasury has concluded the bidding for the fifth auction of Eco Invest Brasil, a federal program that uses public funding to attract private and foreign investment. Alternative proteins are one of the six technology value chains that will receive dedicated financing through this program. The auction invites financial institutions to structure funding for strategic sectors, with up to R$2.5 billion in catalytic capital available for each value chain.

The funding will be delivered through three different instruments that support technology development from the lab to the market. The rules of the program push financial institutions and the companies they support towards academic collaboration, aiming to address Brazil's challenge of turning research into commercial technology. Previous rounds of Eco Invest have already funded adjacent areas, and the results for the fifth round have not been published yet.