Kazakhstan's science fund has launched production of 12 innovations

Science is a driver of the economy. The Kazakh entrepreneurs are showing interest in the latest developments by local scientists. The Kazakh businesses are boosting investment in research and development. This year alone, the country’s science fund has launched production of 12 innovations. These projects have already earned 400 million tenge. The Kazakh government is set to increase its spending on science to 1% of the GDP. Scientists say that the future of science depends on close contact with a business that must be involved in identifying the necessary innovations which can later be commercialized.

BAKYTZHAN ZHUMAGULOV, MEMBER OF SENATE, UPPER HOUSE OF KAZAKH PARLIAMENT:

 - We have received a number of proposals related to research projects from ministries, enterprises as well as business. What needs to be done to boost science? The Kazakh scientists and innovators have a lot of developments that can be applied in industries today in our country.