Innovative Activity to Be Protected by Law
Innovation Activity Act is projected to be approved in Uzbekistan. The bill was published for popular discussion on March 1, and its initiator is the Ministry of Innovative Development.
The purpose of the legal norm is the regulation of relations between actors of innovation, public authorities and consumers of innovative products.
The document defines the concepts of innovation activity, innovative enterprise, innovation cluster, innovative product, venture fund, technology park and others.
The project describes the state policy in the sphere of innovation. Its main goal is to create favorable conditions for innovative activities, including the effective use of the scientific and technical potential of the country, the introduction of scientific and technical work results with a view to solving the tasks of social and economic development and increasing the competitiveness of the economy.
Among the tasks in the field of innovation is the definition of priority areas of innovation for the development and enhancement of the competitiveness of the national economy, improving the life of the population through the effective use of the intellectual resources of society; providing legal regulation that stimulates the innovative development of the national economy; creation of favorable conditions for the implementation of innovative activities, including for attracting investment in this field; promotion of innovation market development and others.
As expected, the law will come into force from the date of its official publication, which is scheduled for December 20. The draft is available for discussion until March 20.