Brazil's National Treasury launched the fifth Eco Invest Brazil auction, a new phase of the programme aimed at strengthening technological innovation and strategic supply chains linked to ecological transformation and industrial development. The round creates three complementary financing mechanisms to support the path from university research to business scale-up, linking companies, universities, research centres, startups and private investors across six strategic chains. The auction provides for six Eco Invest Innovation Funds, a corporate credit line and non-repayable resources for applied research and technology-based entrepreneurship, aimed at chains including green fertilizers, advanced green fuels, industrial automation and artificial intelligence, critical minerals processing, battery systems and electric vehicles, and green chemistry and biomaterials. Treasury support totals up to BRL 2.5 billion, including up to BRL 1 billion for the corporate credit line, and requires a minimum two times private leverage for the innovation funds and at least twice as much private as public capital for direct lending. Financial institutions will compete for individual chains based on their ability to mobilise private capital. Banks will lend directly to companies ready to scale production, and financed firms will have to contract research, development and innovation projects linked to the eligible chains. In the same announcement, the Treasury released the results of the fourth Eco Invest auction for the Legal Amazon, approving BRL 3.1 billion in catalytic capital that is expected to support about BRL 13.2 billion in total investment. Further documents and information for the fifth auction will be published on the Eco Invest programme website.