Project funding from 1% of Total Annual Income

about the project

Tech Garden is developing a new model of interaction between subsoil users' enterprises and startups/innovative companies on the Kazakhstan market. Based on this model, subsoil users, as part of their contractual obligations, finance projects of the PIT innovation cluster participants, which include a set of measures to modernize production processes, which leads to an increase in innovation activity and the development of high-tech SMEs.

 

Tech Garden forms a trust fund out of subsoil users' obligations to finance projects of the PIT innovation cluster in the amount of at least 1% of SGD (from 2018 - mining costs).

Advantages of working

Reduction of the execution period to 1 month as compared to 3-6 months for independent R&D financing

Reduction of the execution period to 1 month as compared to 3-6 months for independent R&D financing

Expanding the choice of projects and performers

Transparency in project execution and cash expenditures

Monitoring of project implementation and clear compliance with all terms of the contract

The implementation of R&D through Tech Garden is more efficient, as the ACF assumes responsibility for reporting, search and selection of projects.

Effect of implementation

904 million tg.

Receipt of taxes to the budget

6,2 billion tg.

Economic effect on revenue

11% savings

Electricity, operation, etc.

Legal framework

Clarification of the procedure for working with ACF for subsoil users

Download, docx , 13.4 КБ кб

Approved Rules of expertise

Download, pdf , 109.4 КБ кб

Annexes to the Rules of examination

Download, doc , 48 КБ кб