Purpose and Powers
Article 5 - The Foundation aims to promote activities designed to encourage and support scientific and technological research in the state.
Article 6 - To fulfill its duties FAPEMIG should:
I - fund or finance, in whole or in part, scientific and technological research projects, carried out by individual researchers or public and private institutions, which are considered relevant for the scientific, technical, economic and social development of the State;
II - promote or participate in initiatives and programs designed to develop human resources training in institutions working in the areas of science, technology and higher education;
III - to promote exchange between Brazilian and foreign researchers through the granting of aid with a view to training and the scientific and technological development of the State ;
IV - support the realization of technical and scientific events, organized by educational institutions and research associations or foundations which promote research activities or public entities ehich fosters socio-economic development;
V - promote and participate in initiatives and programs focused on the scientific and technological development of the State, including those aimed at the transfer of research results to the productive sector;
VI - promote studies on the general situation of scientific and technological research in order to identify the fields which FAPEMIG should prioritize.
VII - promote the dissemination of research results;
VIII - monitor the application of aid that has been granted
IX - liaise with the State Council of Science and Technology - CONECIT - and with other public entities of the state - oriented to the activity of scientific and technological research in order to harmonize the implementation of the Foundation's resources with the goals and needs of state policy in the sector.
State Decree No. 36,278 of 24/10/1994