Business news from Ukraine

PM GROYSMAN WANTS TO INCREASE FUNDING FOR UKRAINIAN SCIENCE

20 March , 2018  

Ukrainian Prime Minister Volodymyr Groysman is in favor of boosting the funding of Ukrainian science and the Innovation Development Fund. “I’m for increasing the funding of science, I’m for an increase in financing of the Fund for start-ups,” Groysman said at a meeting with participants in the Sikorsky Challenge Innovation Ecosystem at the National Technical University ‘Igor Sikorsky Kyiv Polytechnic Institute’ on Tuesday. According to the prime minister, this can be done, including, with the support of an international partner.
Speaking in the context of the development of Ukrainian science, Groysman mentioned the need to stop labor migration. As reported, Ukraine’s national budget for 2018 foresees UAH 1.76 billion for the Secretariat of Ukraine’s Cabinet of Ministers (49.8% up on 2017) and another UAH 1.63 billion for the support of a comprehensive reform of public administration.
Of this amount, UAH 50 million is allocated for the functioning of the Innovation Development Fund and the creation and functioning of office to raise and support investment.