Article 33. Funds to support innovative activity

On innovative activity (LRU-630-son) · Date: 24.07.2020 · In force

Funds to support innovative activity are created without forming a legal entity to finance the costs associated with the creation, implementation, production, transfer of technologies and commercialization of new developments.

The main areas of use of funds to support innovative activity are:

implementation of activities in the field of innovation;

financing innovative projects, commercialization of new developments and transfer of technologies in accordance with the orders provided by the subjects of innovative activity;

material incentives for the subjects of innovative activity, financing their research and improving the qualifications of personnel, strengthening their material, technical and scientific laboratory base.

Funds to support innovative activity can allocate funds on a repayment or gratuitous basis, and also act as a guarantor for the obligations of the subjects of innovative activity.

The creation, reorganization and liquidation of funds to support innovative activity are carried out in the manner prescribed by law.

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Source of the text

National Database of Legislation of the Republic of Uzbekistan (lex.uz). Original on lex.uz: lex.uz/docs/5155423

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Cite as: Article 33. Funds to support innovative activity On innovative activity (LRU-630-son). neolex.uz/en/laws/law-4910448/33 (lex.uz/docs/5155423)