The Greater Brazil Plan (PBM) is the industrial policy currently in place in Brazil. The PBM promotes investments and fosters innovation, thereby increasing the competitiveness of domestic firms. It sets the standard for all public policies and government actions under the authority of the Ministry of Development, Industry and Foreign Trade (MDIC). The competitiveness of small and medium enterprises (SMEs) is a dimension of PBM. In this context, the Brazilian government is working on developing a National Entrepreneurship Policy (PNE), which is already being devised by the Ministry of Development, Industry and Foreign Trade (MDIC), in partnership with stakeholders at the national level. The PNE is to coordinate the development of a regulatory framework and specific programmes and actions to promote and support entrepreneurship. Most of these governance instruments already exist, but there is a need for new tools to fill specific voids. The development of two of these instruments was selected to compose a EU-Brazil dialogue on entrepreneurship, namely "Think Small First" and "Capital Markets Strategy." The primary objective of "Think Small First" is to raise awareness about the importance of small businesses in policy formulation by applying politically binding principles and a set of actions to be performed by the federal, state and municipal governments. Meanwhile, "Capital Markets Strategy " is important in that access to long-term funds is one of the challenges for the internationalisation of small and medium-sized Brazilian companies. It is in this context that the development of strategies such as this one comes into play.
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