Cabinet approves Concept of reforming the state policy in innovation sector

The Cabinet of Ministers approved the Concept of reforming the state policy in the innovation sector, the State Agency for Science, Innovation and Information press service informs.

The corresponding decree was approved at the Cabinet’s meeting on September 10, 2012.

In particular, activation of innovation process in the national economy is one of the priorities identifying economic reform program for 2012-2014 "Rich society, competitive economy, effective government". However, the system of state regulation and state control in the sphere of innovation still has some flaws, which significantly slow the pace of innovative development.

The Concept is to solve three sets of problems – to create economic (fiscal, credit, insurance) conditions for accelerated innovative development, to lay the actual basis of innovation process and to contribute to the creation of new institutional framework.