The Presidential Fund for Commercialization of Scientific and Technical-Scientific Activities to be established in Uzbekistan
20/07/2018 22:43
The Presidential Fund for Commercialization of Scientific and Technical-Scientific Activities to be established in Uzbekistan
20/07/2018 22:43
Tashkent, Uzbekistan (UzDaily.com) -- The Presidential Fund for Commercialization of Scientific and Technical-Scientific Activities will be established in Uzbekistan.
President of Uzbekistan Shavkat Mirziyoyev signed a resolution “On measures to further increase the remuneration of workers in the sphere of science and higher education, as well as state support for the introduction of scientific and technical achievements”.
Uzbek President instructed the Ministry of Innovative Development jointly with the Academy of Sciences, the Ministry of Finance and the Reconstruction and Development Fund to submit a draft decision of the President of the Republic of Uzbekistan on the creation of the Presidential Fund for the Commercialization of Scientific, Technical and Scientific Results.
The document noted that the fund will have an account at Ipoteka Bank with the resources for US$100 million.
The fund will implement the results of scientific and technological activities with a view to further development of the social and economic sphere.
The fund will conduct the orientation of scientific and technical activities to obtain practical results by co-financing high-tech entrepreneurial start-up projects.
It will also direct research on the accelerated development of products and technologies with a high degree of commercialization through participation as a founder in the implemented start-up projects.
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