Innovation, Science and Technology
Given the growing importance of innovation as a decisive factor to creating a differential on the global market, having one of the best research and development structures in the whole of Latin America has enabled the State of São Paulo to attract many companies. The presence of renowned universities that ally quality higher education, internationally recognized research centers and laboratories with distinguished production in several knowledge areas are among the factors that justify this attraction.
In 2013, according to the Ministry of Science, Technology, Innovation and Communications, the State of São Paulo invested US$ 3.8 billion in research and development, representing 73.7% of all expenditures by Brazilian states in this item. An important part of these resources comes from the São Paulo Research Foundation (Fapesp), which has the task of promoting research, the exchange and dissemination of science and technology.
Among the initiatives aiming to stimulate innovation, science and technology in the State, the São Paulo Technological Park System (SPTec) is worthy of note. Managed by the Department of Economic Development, Science, Technology and Innovation (SDECTI), it was set up to promote economic and technological development in several regions by attracting investment and the creation of new knowledge intensive companies.