Article 7. Powers of the authorized state body in the field of innovative activity

The Ministry of Higher Education, Science and Innovation of the Republic of Uzbekistan is the authorized state body in the field of innovative activity (hereinafter referred to as the authorized state body).

The authorized state body shall:

implement the unified state policy in the field of innovative activity;

coordinate the activities of state and economic management bodies, local government bodies in the field of innovative activity;

develop and implement strategies for innovative development;

develop regulatory legal acts in the field of innovative activity;

develop recommendations for assessing the risks of innovative activity;

analyze the state of the country's innovative development;

implement measures to ensure interaction between the subjects of innovative activity;

ensure the organization of state expertise of innovative projects;

form, approve and finance innovative projects as a single state customer;

monitor and evaluate the effectiveness of the implementation of innovative projects within the framework of the state order for the creation of innovations;

register contracts for the transfer of technologies purchased at the expense of the State budget of the Republic of Uzbekistan;

recommend new developments for financing to state and economic management bodies, local government bodies and other organizations;

finance the commercialization of new developments and assists in transfer of technologies;

contribute to the creation and development of subjects of innovation, forms effective mechanisms for the implementation of the results of innovation;

participate in the organization of a system of training, retraining and advanced training of personnel for subjects of innovative activity;

carry out international cooperation in the field of innovative activity.

The authorized state body may exercise other powers in accordance with the legislation.