Funding Eligibility and Limitations for Centelha da Inovação Grant

Name: Funding Eligibility and Limitations for Centelha da Inovação Grant
Uploaded: 2023-06-19 07:14:31
Description: The Centelha da Inovação grant provides funding for certain expenses related to innovation projects, but there are limitations on what can be financed and careful documentation and justification of expenses is necessary.

This article is a summary of a YouTube video "Os Itens Financiáveis e os Itens Não-Financiáveis com os Recursos do Edital Centelha da Inovação." by Eduardo Setton

TLDR The Centelha da Inovação grant provides funding for certain expenses related to innovation projects, but there are limitations on what can be financed and careful documentation and justification of expenses is necessary.

Key insights

💡

The Edital Centelha da Inovação provides public resources specifically for the idea stage of the entrepreneurial process, giving an initial impulse to turn ideas into products.
💰

The Edital Centelha da Inovação provides funding of 53 thousand reais for companies to use as working capital or for a specific purpose.
💰

You can use the funds from the Centelha da Inovação grant to cover expenses related to leasing, installation, recovery, and maintenance of equipment, as well as expenses with registering intellectual property.
🤝

Collaboration and partnerships are crucial in this funding opportunity, as budget limitations and restrictions on resource usage require seeking out partnerships with organizations that already have the necessary equipment and resources.
💰

The Centelha da Inovação grant allows for the financing of scholarships to strengthen research and development teams, providing opportunities for qualified professionals to contribute to innovation projects.
💡

It is crucial to consider the available resources and not make unrealistic promises in the initial phase of a project, ensuring that the action plan aligns with the physical-financial schedule.
💰

The Economic subsidy is specifically for innovation and not for the company's working capital expenses.
💼

Hiring employees and other non-fundable expenses can be considered as a counterpart for the execution of the project, even if they are not directly financeable.

Timestamped Summary

💡

00:00
Only certain items can be financed with the Centelha da Inovação grant, and it must be spent within 12 months.
💰

02:04
The Centelha da Inovação grant provides funding for working capital and expenses related to accommodation, food, and transportation for the project team, but not for outsourced consultants or personal travel, with all expenses needing to be justified and documented.
💰

04:45
Be cautious with spending the funding as it cannot be used for consumables, books, components, spare parts, or expensive platforms, but you can finance fabric services, equipment leasing and maintenance, and expenses related to intellectual property registration.
💡

07:08
Account maintenance expenses and hiring a lawyer or accountant are important to consider, as they can consume resources, and there are limitations on what can be financed with the Centelha da Inovação grant.
💰

10:36
Scholarships for technological and industrial development can be financed with the Centelha da Inovação grant, with a maximum allocation of 20 scholarships and additional funds available for other expenses.
💡

14:02
It is important to consider available resources and save all documents for expenses made after signing the grant term to ensure reimbursement.
💡

16:11
Certain items are not eligible for financing through the Centelha da Inovação program, as it is specifically intended for innovation purposes and not for day-to-day expenses or health trailers.
📝

18:43
Expenses for civil construction, advertising, events, meals, fuel, tolls, tariffs, administrative support services, and payment to public administration employees are not eligible for financing under the Spark of Innovation public notice, and hiring a CLT is not possible due to budget limitations; however, items not listed as financeable can still be considered as a voluntary economic counterpart.