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Senate of Uzbekistan approves Law "On innovation”

The regular plenary session of the Senate of the Oliy Majlis considered Law "On innovation activity".

The document is a logical continuation of the Law "On science and scientific activity" and provides a link between science and production. The innovation is developed through the formation of a favorable environment for the creation and application of innovative products and services, improving the legal system's interest in innovation, innovation infrastructure development and innovative business support.

The Law regulates legal, economic and organizational relations in the field of innovation and innovation activity. The Law will become a legal basis for individuals and legal entities, including scientists, entrepreneurs, non-governmental non-profit organizations.

The Law defines the basic concepts of innovation and innovation activity, the principles of innovation activity and mechanisms for its state regulation.

At the same time, the Law states that the main directions of state policy are to promote investment in innovation, the development of public-private partnerships in this area, training, retraining and advanced training of personnel and the development of international cooperation.

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