ORDER OF THE GOVERNMENT OF THE REPUBLIC OF KAZAKHSTAN

of July 21, 2011 No. 836

About some questions of National Innovative Fund joint-stock company

The government of the Republic of Kazakhstan DECIDES:

1. Reorganize National Innovative Fund joint-stock company (further - JSC NIF) by separation on:

1) "National Technology Development Agency" joint-stock company (further - the Agency) with transfer as contribution to the authorized capital of property of JSC NIF, except for 100% of the block of shares of Kazsat joint-stock company (further - JSC Kazsat);

2) joint-stock company "Kazsat managing company (the daleeupravlyayushchy company) with transfer as contribution to the authorized capital of property in the form of 100% of the block of shares of JSC Kazsat.

2. Determine the main object of activity:

1) the Agencies - assistance in ensuring coordination of processes of innovative development and provision of measures of the state support;

2) Managing company - implementation of the rights of the owner concerning the block of shares of JSC Kazsat.

3. Determine functions of the Agency:

1) development of innovative system, including ensuring work of Council for technological policy, technological industry councils, information and analytical maintenance of processes of innovative development;

2) work on technological forecasting and planning, coordination of subjects of the technological programs provided for consideration to Industry councils, and also carrying out tenders on execution of projects, organizational and operational maintenance of financing and carrying out monitoring of results of the carried-out projects, creation of information databank on innovative projects and implementation of services in commercialization, management of innovative infrastructure, cooperation with the international organizations regarding attraction of their information, educational and financial resources;

3) financing of implementation of innovations by equity in the authorized capital of the invested companies, and also provision of innovative grants;

4) assistance in upgrade of industrial enterprises, by means of technological business incubators, venture capital, transfer of the advanced foreign technologies.

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