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INCENTIVE POLICIES FOR ENTERPRISES RECEIVE TRANSFERRED TECHNOLOGIES

On May 15, 2018, the Government issues the Decree No. 76/2018/ND-CP detailing and guiding the implementation of a number of articles of the Law on Technology Transfer.

Accordingly, support for businesses having projects in the sectors, fields or localities eligible for investment incentives to receive technologies transferred from science and technology organizations:

- To support with the maximum support level of 2%/year of the interest rate of loans from the national technology innovation fund, science and technology development funds of ministries…

- Provision of support funds through the performance of scientific and technological tasks or direct supports.

Concurrently, this Decree also has provisions on supporting and incentives for businesses to invest in physical and technical foundations for technology decoding activities, and organizations and individuals engaged in technology decoding:

- Support funds, loan guarantees or loan interest rate supports from the national technology innovation fund or credit institutions;

- Prioritized investment in a hi-tech park.

Besides, the Decree encourages the cooperation between businesses and agencies, organizations or individuals in implementing investment projects on technology innovation, innovation startups, development of infrastructure to serve science and technology development, and general research.

This Decree takes effect on July 01, 2018.

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