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LAW OF THE REPUBLIC OF BELARUS

of July 10, 2012 No. 425-Z

About the state innovative policy and innovative activities in the Republic of Belarus

It is accepted by the House of Representatives on May 31, 2012

Approved by Council of the Republic on June 22, 2012

(In edition of the Law of the Republic of Belarus of 11.05.2016 No. 364-Z)

This Law is directed to determination of legal and organizational basis of the state innovative policy and innovative activities in the Republic of Belarus.

Chapter 1. General provisions

Article 1. The main terms used in this Law and their determinations

In this Law the following main terms and their determinations are used:

the author (coauthors) of innovation - physical person (persons), which creative activity (which) on the basis of innovation the innovation is received;

introduction in civil circulation of products, technology, service, organizational technical solution - making of any transactions which subject is transition to other person of property rights to products, technology, organizational technical solution, including property rights on the results of intellectual activities used during creation of these of products, technology, organizational technical solution and also rendering services;

the venture organization - the commercial organization which is the subject of innovative infrastructure which object of activity consists in financing of innovative activities;

the venture project - the innovative project which financing is performed by the venture organization;

the state innovative policy - the component of the state social and economic policy representing complex of the organizational, economic and legal measures performed by the state directed to regulation of innovative activities;

innovative activities - activities for transformation of innovation to innovation;

innovative infrastructure - set of the subjects of innovative infrastructure performing material, financial, organizational and methodical, information, consulting and other security of innovative activities;

innovative and technological monitoring - complex assessment of level of technology development of the organization and its potential opportunities of implementation of innovative activities;

the innovative project - complex of the works directed to transformation of innovation to innovation;

innovation - the new or advanced products introduced into civil circulation or used for own needs, new or advanced technology, new service, new organizational technical solution of production, administrative, commercial or other nature;

the scientific and technological park (further - science and technology park) - the subject of innovative infrastructure having the average number of workers to 100 people which purpose of activities are assistance to development of entrepreneurship in scientific, scientific and technical, innovative spheres and creation of conditions for implementation by the legal entities and individual entrepreneurs who are residents of science and technology park, innovative activities;

national innovative system - set of state bodies, other state organizations governing within the competence the relations in the sphere of innovative activities, legal entities and physical persons, including the individual entrepreneurs performing and (or) providing innovative activities;

innovation - the result of intellectual activities (new knowledge, technical or other solution, experimental or prototype, etc.) having novelty signs in comparison with the existing analogs for certain segment of the market, practical applicability capable to bring positive economic or other useful effect during creation on its basis to new or advanced products, new or advanced technology, new service, new organizational technical solution;

portfolio of venture projects - the set of the venture projects differing on degree of novelty of the used information, amount of complex of works and financings, created for the purpose of decrease in risk of innovative activities;

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