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The SCST to increase financing of promising, but super risky projects

The SCST to increase financing of promising, but super risky projects
The SCST to increase financing of promising, but super risky projects

2017 Return back

The State Committee on Science and Technology is going to send 20% of financing to super risky projects in 2017. This was announced by Alexander Shumilin, the Chairman of the State Committee on Science and Technology, during to the presentation of Science Year in Belarus, BelTA learnt. ‘We are going to propose a range of system decisions on the improvement of science in 2017. To tell the truth, we have bureaucratized many scientific decisions and the scientific responsibility to a certain extent. We have very hard measures within the SCST: if 99% of the project was done, but something failed, we require severely to return the money to the budget. This leads to that the scientists are afraid of dealing with new developments and sign projects. The SCST is preparing the corresponding changes in the legislation, 20% of resources, that is budgetary means, are expected to be sent to so-called super risky projects that can lead to good results, starting with 2017,’ Alexander Shumilin stressed. He also explained that the success can’t be one hundred percent guaranteed, especially if it is a new development. ‘Besides, we will considerably intensify the introduction of the innovative infrastructure and continue creating the sites where the scientists could commercialize their developments and create their own business,’ the Chairman of the SCST noted. Alexander Shumilin reminded that the decree on the creation of the centralized national innovative foundation was signed before the New Year. ‘This means that there is one source of the financing of applicable scientific developments more. That’s why all the projects within scientific-technical programs will be financed entirely in Science Year. Also the Russian-Belarusian  Foundation of Venture Investments was created in the end of the year. In 2017 it will allocate means for the first projects. This is one more source of financing promising developments’, he resumed.