LAW OF TURKMENISTAN

of August 16, 2014 No. 107-V

About scientific and technological parks

This Law governs the legal, economic and organizational relations connected with creation and functioning of scientific and technological parks.

Chapter I. General provisions

Article 1. Concept of the scientific and technological park

The scientific and technological park is understood as subject of innovative infrastructure which creates the innovative potential answering to the modern level of development of science and technology in the world involves in innovative activities the scientific organizations, educational institutions, the physical persons and legal entities interacting as among themselves, and with public authorities, for implementation and (or) forming of sales terms of innovative process.

Object of activity of the scientific and technological park is the complex solution of tasks of the accelerated transfer of results of scientific research and project developments in production and finishing them to the consumer on commercial basis.

The status of the scientific and technological park can be given to the subject of managing if it corresponds to the following main criteria:

1) availability of the status of the legal entity;

2) real estate holding or availability in management of the real estate answering to conditions for implementation of innovative activities;

3) availability of the service structures which are meeting the demand on services of innovative infrastructure and providing support and servicing of the innovative companies both beginning, and operating.

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