ASTANA, Kazakhstan, March 31. State funding for
science in Kazakhstan has increased sixfold over the past six
years, Prime Minister Olzhas Bektenov said at a government meeting,
Trend reports via the
Kazakh government.
The Prime Minister stressed that the state is creating favorable
conditions for the development of science and innovation. In
particular, starting January 1 this year, tax incentives of up to
300% of research and development (R&D) expenditures have been
introduced to stimulate private investment in scientific
research.
According to him, the Budget Code obliges subsoil users to
allocate 1% of their extraction costs to finance science and
innovation through centralized mechanisms.
Bektenov also pointed out that the tools for venture financing
have broadened, while the backing for technology brokerage and
business acceleration has been bolstered. Simultaneously, a range
of financial instruments is being rolled out to turn research
outcomes into viable ventures.
Within grant funding programs for commercialization projects, a
minimum business co-financing requirement of at least 25% of the
total grant amount has been established.
The Prime Minister emphasized that the development of science
and innovation is enshrined in the new Constitution as a strategic
priority of the state. He added that innovation is a key driver of
productivity growth and the creation of high-tech jobs, directly
influencing economic breakthroughs and competitiveness.
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