of July 23, 2024 No. 138
About technology parks
Accepted by Jogorku Kenesh of the Kyrgyz Republic on June 12, 2024
This Law governs the public relations arising in connection with forming, functioning and the termination of activities of technology parks (further - technopark) in the Kyrgyz Republic, and determines the legal basis of their state support for the purpose of ensuring innovative development.
The purpose of state policy in the field of forming and functioning of technoparks is establishment of the legal mechanisms, economic and social conditions and guarantees providing creation and functioning of technoparks in the Kyrgyz Republic for consolidation of creative efforts of universities, scientific institutions and occupational sector for joint activities for creation of innovations and their commercialization, increase in efficiency and cost reduction of production, support of the knowledge-intensive production, creation of workplaces, concentration of perspective subjects of small and medium innovative business.
1. Technoparks are created and function on the principles of legality, transparency and openness in the solution of the questions connected using this Law.
The state provides equal access to the state support of technoparks and performs measures of the state support of technoparks for their target use.
2. In case of realization of state policy in the field of forming and functioning of technoparks the state performs protection of the rights and legitimate interests of residents and directorate of technoparks.
In this Law the following basic concepts are applied:
1) the basic organization of technopark - the legal entity of any form of business incorporating research institutions or structures of the higher education with research base, providing infrastructure facilities, the equipment and other resources necessary for the organization of activities of technopark, on conditions and according to the procedure, provided by the current legislation;
2) business angel - physical person which makes personal funds in perspective projects at early stages of their development;
3) the venture project - the innovative project which financing is performed by venture fund, venture capital companies, funds, business angels, physical persons and legal entities operating in the territory of the Kyrgyz Republic;
4) the State register of technoparks - the official list of the technoparks applying for receipt of the measures of the state support meeting the certain requirements approved by the Cabinet of Ministers of the Kyrgyz Republic;
5) directorate of technopark - the governing body of technopark which performs attraction and accommodation of residents of technopark in its territory provides provision of services to residents of technopark and manages infrastructure of technopark;
6) infrastructure of technopark - the parcel of land located in the territory of the Kyrgyz Republic or several parcels of land having general border (further - the territory of technopark), the office buildings, production rooms, objects of engineering, transport and social infrastructure located in the territory of technopark;
7) innovation - the innovative product introduced into civil (economic) circulation;
8) innovative venture fund - the financial resources accumulated under technoparks for the organization of their effective activities, financing of transfer of perspective innovative projects;
9) innovative activities - the activities for transformation of innovation to innovation directed to creation and introduction in civil (economic) circulation of innovative product;
10) the innovative project - the set of documents determining the complex of works coordinated on terms and contractors, conditions and requirements to sources and the amounts of financing, methods of production organization, technical and economic indicators and consumer properties of the created innovative product taking into account perspectives of profit earning or other useful effect of its introduction in civil (economic) circulation and possible risks of innovative activities;
11) commercialization of innovations - process of transformation of innovative product / service in market goods with revenue generating purpose;
12) the Commission on development of technoparks - the commission under the Cabinet of Ministers of the Kyrgyz Republic which part on the parity basis representatives of state bodies, the academic community, representatives of research institutions, higher educational institutions, business and expert community are;
13) Scientific and technical council - the advisory body of technopark coordinating its activities is collegiate organ of directorates of technoparks on involvement of residents of technopark and consists of representatives of the basic organizations, business communities, specialists of the sphere of innovative activities;
14) resident of technopark - the individual entrepreneur or the legal entity, including the foreign, signed with directorate of technopark agreement providing implementation of the innovative project with use of infrastructure of technopark;
15) the technology park (technopark) - the legal entity in the form of organization or economic society formed according to the procedure, provided by this Law, the implementation of innovative entrepreneurship having research component in the activities and aiming and implementation of the innovative and venture projects oriented to commercial mastering of scientific knowledge, developments and inventions, know-how and high technologies and their promotion in the market, including the international market of scientific and technical products;
16) the industrial park - the territory with the industrial, technology and other accompanying infrastructure intended for implementation by subjects of activities in the field of industrial production and technology development for the purpose of development of production of industrial output and commercialization of the received scientific and technical results;
17) managing company of the industrial park - the legal entity of any form of business, stipulated by the legislation, the attraction which is governing body of the industrial park, performing and the accommodation of residents of the industrial park in its territory providing provision of services to residents of the industrial park and exercising infrastructure management of the industrial park.
The legal status of technoparks, procedure for their forming, functioning and termination of activities are based on the Constitution of the Kyrgyz Republic and are regulated by the civil legislation of the Kyrgyz Republic, the tax legislation of the Kyrgyz Republic, this Law and other regulatory legal acts of the Kyrgyz Republic, and also the international treaties which became effective according to the legislation of the Kyrgyz Republic.
Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info
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