CABEI disburses US$8.5 million for research and development projects in Argentina


This is a contribution granted to the Science, Technology and Productive Innovation Ministry for the benefit of close to 1,500 people.

Buenos Aires, September 27, 2021.- The Central American Bank for Economic Integration (CABEI) made a second disbursement of US$8.5 million to strengthen Argentina's National Innovation System through the " Strengthening of Research and Development Capacities Program (PROFOCAID)" for a total of US$50 million. The initiative is executed by the Ministry of Science, Technology and Productive Innovation (MINCyT) through the National Agency for the Promotion of Research, Technological Development, and Innovation.

The program will benefit 1,490 people (48% women), of whom 1,210 are researchers from Argentina. In addition, with the aim of strengthening ties with Central America, funding will be provided to scientists from this region and postgraduate scholarships will be granted to Central American students to train in higher education institutions in the country through non-reimbursable grants, articulated projects in the areas of biotechnology, sustainable use of biodiversity and technologies for social inclusion, among others.

CABEI Executive President, Dr. Dante Mossi, highlighted: "Argentina is a benchmark country in science and innovation and its experiences are an inspiration for others. From CABEI, we accompany our partner country in the development of professionals and its scientific community, assisting them with resources and strategies that allow them to continue increasing their knowledge and possibilities, in addition to replicating their experience with our region".

For his part, CABEI Director for Argentina and Colombia, Maximiliano Alonso, said, "Thinking about a new development model for our country means thinking about science, innovation and technology to strengthen the productive matrix. Together with the Secretariat of Strategic Affairs headed by Gustavo Béliz, we are working jointly to carry this program and its objectives forward".

Fernando Peirano, President of the Research, Technological Development and Innovation Promotion Agency of the Argentine State, stated: "Knowledge is the key to generate wealth. We are going to meet the challenge of linking the science and technology system with the resolution of the country's productive and social problems".