Innovation with social and environmental impact

Goal: This paper presents an assessment of the social and environmental innovation projects developed with the TECNOVA-ES grant from the government of the Brazilian state of Espirito Santo.
Methodological: The methodological approach contemplated three stages: 1) analysis of documentation related to the program from data made available by Espirito Santo's Research and Innovation Support Foundation (FAPES), coordinator of the TECNOVA-ES program; 2) data collection via surveys with participating companies; 3) data treatment and impact assessment.
Results: Our findings showed that over 60% of the projects had positive social impact and over 56% had a positive environmental impact.
Limitations of the investigation: One of the limitations refers to sample size. The TECNOVA-ES program contemplated 38 companies in Espirito Santo, out of which only 27 answered the survey.
Practical implications: In terms of public policy repercussions, this paper advises governments on the need to include the privilege of supporting innovation in its development programs, and that governments use their demand capacity to lead and direct entrepreneurs in the development of sustainable products and services.
Originality/Value: This research contributes to literature by approaching a topic that does not get enough attention in Brazil when it comes to public innovation grants. The dimensions of the assessment which were contemplated - social and environmental - are crucial to the country's contribution to reach the 17 Sustainable Development Goals.