Business · Companies · 6 hrs ago

Banco da Amazônia offers grants for Amazon bioeconomy projects

Banco da Amazônia offers grants for Amazon bioeconomy projects

Banco da Amazônia is opening a grant program for bioeconomy projects in Brazil’s Legal Amazon, with the announcement at the COP31 climate conference in Antalya, Turkey.

Up to 25 small businesses, startups, associations and cooperatives can receive R$300,000 each, for a planned total of R$7.5 million.

The funding is a non-repayable grant, backed by a partnership with the French Development Agency, and applications are open until December 11.

Eligible projects can come from any forest-based bioeconomy supply chain, but applicants must already have products or services on the market.

The program aims to strengthen sustainable Amazon businesses across all nine states of the Legal Amazon and improve their production and sales.

Better tracking of where products come from may also help them meet international environmental rules, including new European Union restrictions on goods linked to deforestation.

The bank says this is the program’s second round; its 2025 round funded 27 projects with R$4 million in total.

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What people are saying

Luiz LessaBanco da Amazônia president
The Amazon bioeconomy already exists; it is not something new.
via Folha
It needs to be structured and organized in the supply chains to improve production and marketing capacity, with sustainability and traceability, so that products have greater added value, especially for the foreign market.
via Folha
We know that much of the bioeconomy is based on harvesting, and there are ways to automate it to improve production.
via Folha