In 2006, Brazil and the United Kingdom established the Joint Economic and Trade Committee (JETCO), a dialogue mechanism between the Brazilian Ministry of Industry, Foreign Trade and Services (MDIC) and the Department for Business,Energy and Industrial Strategy (BEIS)
This Committee aims to improve the environment to business-making and increasing bilateral trade. In the JETCO, activities are developed in Working Groups dedicated to subjects such as Innovation, Trade Facilitation, Intellectual Property and Investment.
In 2013, in the framework of the JETCO, MDIC and BEIS signed a Memorandum of Understanding reaffirming the relevance of the innovation subject to the bilateral dialogue and establishing the Secretariat of Innovation as responsible, on the Brazilian side, for initiatives and cooperation actions between Small and Medium Enterprises.
The main innovation actions developed in the midst of JETCO involve the themes of entrepreneurship, cooperation to foster joint R&D projects, the UK Chapter of the InovAtiva Brasil.
On August 4th, 2016, the Brazilian Minister of Industry, Foreign Trade and Services Marcos Pereira and the UK Minister of Trade and Investment Mark Price signed a Memorandum of Understanding on Bilateral Cooperation in Innovation. The Memorandum aims to stimulate the exchange of experiences and best practices on the fields of innovation, entrepreneurship, venture capital and intellectual property among the interested institutions, associations and authorities from both countries.
On November 7th 2016, MDIC launched, in partnership with Innovate UK, the British Government Innovation Agency, the First Brazil-UK Call for Proposals in R&D. This Call is specifically aimed at projects in smart cities, and covers three major areas: (1) Integration and governance of systems within a city; (2) Urban infrastructure and affordable, smart mobility; and (3) Sustainable urban environments. Technologies such as internet of things, big data, smart grids, clean energy, water and waste management and green infrastructure are in-scope. Innovate UK allocated a Fund of £ 2.5 million (approximately R$ 10 million) to support British companies in these partnerships.
The call is open until May 3rd 2017.