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The Ministry of Science will reconsider the evaluation of the commercialization of scientific developments in Kazakhstan.

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The Ministry of Science will reconsider the evaluation of the commercialization of scientific developments in Kazakhstan.

The Ministry of Science will reconsider the evaluation of the commercialization of scientific developments in Kazakhstan.

Minister of Science and Higher Education Sayasath Norbeck said at the Koroltai meeting that the department intends to bring its methodology for evaluating commercialization closer to the strict approaches of the Supreme Audit Office (SCA).

Koroltai's deputy, Ekaterina Samishlyaeva, raised the issue of gaps in the assessment of the commercialization of scientific developments. In the past, the gap in estimates ranged from 43.6% according to the Science Foundation to 15.7% according to UPA.

Statements and main initiatives of the department:

The minister noted the need to find "golden means" and a stricter market evaluation of the effectiveness of the projects such as the accountants.

386 projects were financed through the Science Fund, of which 241 started sales, 31 were exported, and nine with sales turnovers of over one billion tenge.

After the law was passed in June, the Science Fund received the status of a venture fund; Negotiations are already underway to create joint structures with the Korean Investment Corporation (KVIC) and the Saudi Arabian Fund.

Private funds to support science will become a new source of funding - Algeum Electric Company, which created a fund with a capital of up to 10 billion tenge, is cited as a successful example.

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