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FINEP Equity Investment Funds (Fundos de Investimento em Participações, FIP)

FINEP Equity Investment Funds (Fundos de Investimento em Participações, FIP)

Funds Brazilian innovation through indirect equity participation in managed venture funds, including AI-focused pools.

FINEP — Financiadora de Estudos e Projetos — is Brazil's federal innovation financing agency, operating under the Ministry of Science, Technology, and Innovation. Rather than writing checks directly into startup equity, FINEP deploys capital indirectly through Fundos de Investimento em Participações (FIPs): private equity and venture fund structures in which FINEP acts as an anchor limited partner

Provides indirect equity financing to innovative Brazilian companies through anchor LP participation in managed Fundos de Investimento em Participações, including a co-investment with BNDES targeting AI-intensive startups.

CycleiHow often this grant runs — e.g. annually, on a rolling basis, or a one-off call.One-off
Next deadlineiThe next date applications are due. Rolling means you can apply any time.
Decision timeiTypical time from the deadline to the funder's decision.
Project durationiHow long the funded work is expected to run.
Award typeiThe form of funding — grant, equity, loan, tax credit, etc.Equity
Match fundingiThe share of project costs you must cover yourself. 0% = fully funded.0%
Funding pooliThe total budget available across all awards in this round.

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Last verified: 22 Jul 2026Source: www.finep.gov.br