The Inter-American Development Bank is lending USD200 million to help spur technological innovation in Argentina.
The loan will support at least seven technological innovation projects in the agribusiness, energy, health and environment sectors. It will also back 500 science and technology research projects aimed at addressing regional problems, bolstering emerging firms and consolidating scientific gains.
The project will also back 15 research programs implemented by consortia of nonprofit research and development institutions, as well as new instruments to promote business innovation and scientific research. It will be managed by the Ministry of Science, Technology, and Productive Innovation in collaboration with the National Agency for Promoting Science and Technology.