The central and local public authorities, associations created by association agreement and higher education establishments could found science and technology parks and innovation incubators. This is provided in a bill that was given a final reading by Parliament and passed on November 1, IPN reports.
The bill extends the list of entities that can be founders. This right will be enjoyed not only by clusters, but also by the central and local public authorities, associations created by association agreement and higher education institutions.
The creation of science and technology parks and innovation incubators will be simplified and the residents will benefit from a number of incentives. The state, through the agency of the central and local public authorities, will be able to lease out free public property for founding and developing science and technology parks or innovation incubators. Discounts will be offered on rent payments. During the first two years of activity, the residents will not pay rental.
According to the Government, which drafted the bill, innovative products based on research results or transfer of technologies will be designed and fabricated at science and technology parks and innovation incubators. Business entities that will become involved in the implementation of research results and new technology will be supported and investments will be attracted for putting new projects into practice.
The law also defines the criteria for assessing projects that are to be carried out in parks and incubators, the implementation periods and conditions of extending them, and also the cases when the title of resident is withdrawn.
