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Innovation projects to receive grants www.montsame.mn
Ulaanbaatar /MONTSAME/ The Cabinet adopted a Procedure on Innovation Grant at its April 4 meeting.
The procedure deals with the issuance of grants for projects that aim to produce innovative products and services through the introduction of new technology.
The Cabinet sees that the adoption of the procedure will help bring intellectual properties into economic circulation and advance the development of production of value-added innovative products.
The procedure states that the amount of a single grant will not exceed 40 percent of the total finance of the project and be less than MNT 60 million.
Those eligible to nominate a project include a citizen of Mongolia, all registered enterprises, businesses, scientific organizations, universities, higher education institutes and vocational training institutes.
The grant will be approved based on an assessment of experts, who will be appointed by the corresponding minister.
Kh.Amina
Published Date:2018-04-05
