Article 32. The fund for financing science and supporting innovations

The fund for financing science and supporting innovations shall be established in the form of a legal entity under the authorized state body for the purpose of financing the development of innovative activity.

The funds of the fund for financing science and supporting innovations shall be directed to the following:

financing of innovative activity in accordance with the orders of economic entities that have a state share in their statutory funds;

financing the creation and implementation of innovations by the subjects of innovative activity;

financing based on a competitive selection of innovative, experimental design and start-up projects;

financing of measures to equip (retrofit) scientific laboratories with modern high-tech equipment, as well as the necessary consumables and components;

covering the costs of registration and maintenance abroad of intellectual property rights (patents) created within the framework of state programs for scientific activities;

payment of expenses for ensuring free access of research and higher educational institutions to leading electronic scientific databases, as well as preparation for publication of scientific results in international publications;

financing scientific training for scientists in leading foreign scientific organizations (centers, universities, etc.);

financing of costs (salaries, transportation costs and others) of attracted foreign highly qualified scientists and specialists in the field of scientific and innovative activity on the basis of agreements (contracts) concluded with them.

The funds of the fund for financing science and supporting innovations shall be formed from the following sources:

part of dividends accrued on state shares in business entities with a state share of 50 or more percent in their statutory funds, as well as deductions from state enterprises to the State budget of the Republic of Uzbekistan in amounts determined when adopting the State budget of the Republic of Uzbekistan for the next year;

a part of the foreign currency funds received from patent fees, charges, and other payments not classified as taxes by the Ministry of Justice of the Republic of Uzbekistan;

funds of the State budget of the Republic of Uzbekistan;

grants and loans from international financial organizations and institutions;