
Brazil, Canada strike innovation deal
The Meridian Institute reports that Brazil’s Minister of Science and Technology and Canada’s Minister of International Trade have signed the Canada-Brazil Framework Agreement for Cooperation on Science, Technology, and Innovation. This agreement seeks to increase bilateral research and development (R&D) in several science and technology areas -- these include nanotechnology, biotechnology, pharmaceuticals, information and communications technology. Canada is to contribute US$1.5 million to the agreement over the next two years, funding up to half the R&D arrangement costs between Canadian and Brazilian governments, academic, research institutes, and industry.
What will be interesting to see is how much of this money actually ends up in R&D rather than in paying for infrastructures and establishment costs, and what happens to the IP rights in any results of the innovation in question.
What will be interesting to see is how much of this money actually ends up in R&D rather than in paying for infrastructures and establishment costs, and what happens to the IP rights in any results of the innovation in question.
