Innovative fund of about 100 mn yuan to be created in Astana with the support of SCO
“About 100 Chinese industrial parks are invited to participate and support the creation of an International Centre for the Development of Green Technologies in Astana, which will be created after the exhibition. We plan to invite most interested industrial parks. Innovation is a kind of spirit of humanity and spirit of each country. Our goal is not only to bring innovative component in the pavilion content, but also the further develop this component at stage after Expo-2017,” S. Li said.
According to him, 120 square meters allocated under the pavilion of the SCO Secretariat.
In addition, S. Li said that the Innovation Fund will be set up even after the completion of the exhibition EXPO-2017. It will be a national, non-governmental and obey the laws of the market.
“We are creating a national platform of SCO cooperation with the support of the SCO. It is divided into two main blocks. The first block is a research center, and the second is “Silk Road”, which will be divided into a number of other funds and engage in investment activity in the framework of the innovation sphere. The total size of the fund will be about 100 million yuan, in the future it will be increased up to 1 billion yuan,” S. Li said.
It should be reminded that in Astana signed a tripartite memorandum of cooperation between G-Global International Secretariat, New Eurasia Holding LLC and ULE Coalition for a Green Economy and G-Global Development.
Source: The Prime Minister of Kazakhstan