Vale do Sinos Technology Park, VALETEC Park

The Vale do Sinos Regional Development Association (Valetec) was established in 1998 as a non-profit private civil partnership at the Sinos River Valley in southern Brazil. Its goal is to promote technological development in the Vale do Sinos region by stimulating regional integration, providing incentives for entrepreneurship, while creating, attracting, hosting, and developing companies.^[2]: 673

VALETEC develops environments for technological innovation, such as incubators, entrepreneurial condominiums, technology parks, and complexes. VALETEC commitment is to contribute for the improvement of the Vale do Sinos quality of life, while boosting the sustainable development of the Vale do Sinos technopolitan project.^{[citation needed]}

The first segment of the VALETEC Park was launched in the city of Campo Bom, in December, 2004. The second segment will consist of an urban park, to be established within the Hamburgo Velho's Historical Center, in the city of Novo Hamburgo.^{[citation needed]}

The VALETEC Park is ready to host entrepreneurs, new or consolidated companies and institutions that develop or plan on developing clean technology, applied to the following priority areas: agriculture, animal husbandry, and agribusiness; automation and informatics; biotechnology; leather and footwear industry; design; energy; environment; telecommunications; and creative economy. In the city of Campo Bom, the park segment has capacity for over 120 companies.^{[citation needed]}

Companies can be installed in the Campo Bom segment of the VALETEC Park under three different modalities: inside the Feevale's Technology Incubator, ITEF; in business accelerators and condominiums, such as the Alberto Santos Dumont Business Center and the Montserrat Business Condominium; and in individual facilities. Feevale is a regional community university (public, yet not state-owned) which operates in the Campo Bom segment of the VALETEC Park through its Academic Extension Center. This is a space with an auditorium, event hall, meeting rooms, restaurant and areas for partners and advanced service providers. In the surroundings of the Academic Extension Center, there are several green preservation areas.^{[citation needed]}

The Innovation Route represents the VALETEC Park's main axis. It is located along the path of highways RS-239 and BR-116. After the Campo Bom segment was established, the city's master plan has, since the 1960s, been preserving a minimum of 350 meters on each side of highway RS-239 exclusively for business use.^{[citation needed]}

The project received resources from the Research and Projects Financing, FINEP, the Brazilian Innovation Agency, a division of the Ministry of Science and Technology, in order to plan, develop, and implement the best practices identified by VALETEC during its international missions.^{[citation needed]}