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Kazakhstan to finance innovative projects

9 September 2015 10:44 (UTC+04:00)
Kazakhstan to finance innovative projects

The National Agency for Technological Development of Kazakhstan has been accepting bids from inventors for innovation grants on new priorities as of September, the national agency said.

The list of areas has been expanded from eight to 16 in accordance with the order of the Ministry of Investment and Development of Kazakhstan.

"The inventors can apply with innovative projects in the fields of nanotechnologies and space industry, the advanced technologies in woodworking and furniture industry, pharmaceutical industry, medical industry, bioengineering, genetic engineering, agricultural chemistry, robotics,” a statement said.

Moreover, according to the order, the projects in the light and food industries, as well as the development related to the advanced technologies in the packaging and construction industries will be considered," a statement said.

Today, Kazakhstan has nine types of innovation grants.

Kazakh entrepreneurs can receive a grant of up to 50 million tenge (143.1 tenge = $1) for support of the production of high-tech products at the initial stage of development, up to 30 million tenge for the commercialization of technologies, up to 30 million tenge for industrial research, up to 6.25 million tenge for patenting in foreign countries and (or) regional patent organizations.

Enterprises operating in Kazakhstan can obtain grants in the amount of up to 15 million tenge for the implementation of management production technologies, up to 2 million tenge for training of technical personnel abroad, up to 9 million tenge for attraction of highly qualified foreign specialists, up to 35 million tenge for attraction of consulting, design and engineering organizations, up to 150 million tenge for the purchase of technologies.

The program is implemented by the ministry of investment and development of Kazakhstan. The operator of the program is the National Agency for Technological Development of Kazakhstan.

The National Agency for Technological Development was created in order to assist in ensuring the coordination of innovative development processes and the provision of measures of state support. The National Agency for Technological Development is a part of the Baiterek National Managing Holding JSC.

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