Minas Gerais Breaks Investment Record in Science, Technology, and Innovation for Third Consecutive Year

Strategic Insights -

The state of Minas Gerais in Brazil has continued to break its investment record in Science, Technology, and Innovation (ST&I) for the third consecutive year, with over R$530 million invested in 2024 and a new record expected in 2025. The investments have already yielded visible results, with companies such as Cafe Porandu and Ultrapao Alimentos developing innovative products and solutions that have become a reality with the support of the Minas Gerais State Government. The state's focus on triple helix actions, where the state, academia, and private sector work together, has been instrumental in fostering new ideas and boosting economic development.

Key Takeaways:

  • Minas Gerais has broken its investment record in ST&I for the third consecutive year, with over R$530 million invested in 2024 and a new record expected in 2025.
  • The state's investments in ST&I have already yielded visible results, with companies such as Cafe Porandu and Ultrapao Alimentos developing innovative products and solutions.
  • The Minas Gerais State Government's investments in ST&I have impacted the lives of residents and drive the market with innovative and technological products and solutions.
  • The state's focus on triple helix actions, where the state, academia, and private sector work together, has been instrumental in fostering new ideas and boosting economic development.
  • FabNS, a Minas Gerais-based company, has developed a cutting-edge technology, the nanoscope, which has been recognized worldwide as one of the best technologies in the sector.
  • The state has a robust ecosystem, with 19 public higher education institutions, 9 technology parks, and 13 units of Embrapii.
  • The Minas Gerais State Government has partnered with universities, ICTs, companies, technology parks, innovation hubs, and startups to create expansion strategies and coordinate improvements.

Statistics:

  • Over R$530 million was invested in ST&I in 2024.
  • More than R$92 million was invested in innovation alone in 2024.
  • The Minas Gerais State Government expects a new record in ST&I investments in 2025, with over R$500 million already invested.
  • The state has 19 public higher education institutions, with 11 federal universities, 2 state universities, 1 technology center, and 5 federal institutes.
  • There are 9 technology parks in Minas Gerais, with 5 implemented and 4 under construction.
  • 13 units of Embrapii are located in the state.

Sources:

  • Minas Gerais State Government news release.
  • Porandu / Disclosure.
  • Agency Minas news story: "Investimentos do Governo de Minas movimentam o mercado estadual com inovações tecnológicas".