Petrobras launched on Wednesday (Aug. 17) the second public notice for the acquisition of innovative solutions, which provides for investment of up to BRL 6 million in technology companies and startups (new companies, which offer innovative solutions). The state-owned company seeks innovations in areas such as artificial intelligence, inspection technologies, and modeling and simulation.

Registration is open until September 9, and projects may receive up to BRL 1.6 million for development and test solutions in productive environments.

Both Brazilian and foreign companies and institutions may participate in the process. The selection includes a technical mentoring phase to improve the work plan and the business model.

Candidates must also be approved on a pitch day, in which they present their proposals to a panel made up of Petrobras` managers and specialists. Criteria such as the business model, implementation of the solution at the end of the project, consistency, and competitiveness of the proposal are evaluated in this stage.