Powers of Belarusian Innovation Fund to be expanded

16.06.2016
The powers of the Belarusian Innovation Fund will be expanded, in accordance with a decree signed by the President. The maximum period of using the funds allocated by the Belarusian Innovation Fund to organisations for financing innovative projects will be increased from 5 to 7 years. In addition, the Fund will be able to finance venture projects in cooperation with the Russian Venture Company. All this will reduce the loan debt of enterprises and increase the flow of extrabudgetary resources.
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