Ukrainian inventors support the state

The Cabinet of Ministers of Ukraine approved a pilot project for the launch of the Fund of the state stimulation of creation and use of inventions (utility models) and industrial designs. About it reports a press-service of the Ministry of economic development and trade of Ukraine (MEDT).

The Ministry has proposed to Finance the development and continued use (commercialization) inventions, designs, utility models and other results of intellectual activity. To Finance the Fund’s “State innovation Finance-credit institution” (SFII) revenues generated from fees related to protection of rights to objects of intellectual property.

Select projects that receive state funding will be the Ministry of economic development — in the contest. It is expected that the pilot project will last until 31 December 2019.

It is expected that the project will contribute to improving the investment climate and implementing an effective mechanism of support and protection of intellectual property in Ukraine.

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