Bioindustry innovation and internationalizing in Minas Gerais 2001/2004: how to seize opportunities and advance towards 2020?

Abstract

This paper seeks to contribute to the biondustry policy-making process in Brazil. It analyzes and integrates results of two projects carried out in 2004: an updating study of the bioindustrial evolution in Minas Gerais State during the period of 2001-04 and a survey on international bioindustrial policy. Two empirical results of the first study are reviewed as potential opportunities for application of standard international policy instruments, as observed in the survey. The investigation considered a sample of 42 biotechnology companies out of a group of 75 operational companies in the state of Minas Gerais. The research shows an evolution from 2001 until 2004 that includes a slight decrease in the number of companies. At the same time, it shows the upsurge of new entrant companies with higher technological potential, innovative capacity, international standard products and venture capital investments. In terms of internationalization, increased biondustrial exports were found as well as "intention to export more in the future" and enhanced abilities to sell abroad. The article summarizes such opportunities and suggests instruments for supporting public policy aiming to promote the international competitiveness of the Brazilian bioindustry .