State funded innovation projects produce results

Ulaanbaatar /MONTSAME/ Beginning this March, Science and Technology Fund and General Authority of State Registration and Intellectual Property will cooperate on the intellectual property valuation for inventions, industrial designs and geographical indications, the result of research works, experiments and studies conducted with funding of the state budget.

Sides signed a cooperation agreement during an event themed ‘Innovation output and Intellectual property valuation’ which was held at the building of Science and Technology Fund yesterday, February 6.

Since 2009, MNT 6.6 billion has been allocated from state budget for the implementation of 74 innovation projects, 16 of which are in health sphere, 11 in natural sphere, 8 in social sphere, 21 in technology and 18 in agriculture.

“The basis for economy based on science is intellectual property. On national level, 252 intellectual properties are registered under the Science and Technology Fund. These have be evaluated, and put into economic use”, said D.Enkhjargal, Director of Mongolian Science and Technology Fund.

Moreover during the event, in compliance with the procedure on intellectual property produced by researches and studies funded by state budget, three innovation projects which have seen efficient results donated 2 percent of their income or MNT 11.5 million to Science and Technology Fund.

The three projects are namely an anti-mite drug production project (MNT 5.5 million) implemented in 2015-2016 under the supervision of D.Battur, a new bio preparation production project (MNT 3 million) implemented in 2014-2016 under the supervision of D.Dandii, and a dry milk production project (MNT 3 million) under the supervision of Ch.Batsukh.

J.Batsuuri, Minister for Education, Culture, Science and Sports was present at the event, and appreciated the fruit of these state-funded projects.