Innovation Support Fund to get UAH 50 mln in 2018

11:56, 11.12.2017 1 min read

Ukrainian Prime Minister Volodymyr Groysman has said that UAH 50 million will be allocated in 2018 to finance the Innovation Support Fund and added that the financial management system in science is not perfect.

"We are creating the Innovation Support Fund in the budget, which will now amount to UAH 50 million, because we want to support all innovative solutions that Ukrainians currently produce," he said at the National Reform Press Club "Decentralization: Results and Achievements for 2017, Tasks for the Next Year" in Kyiv on Monday.

At the same time, Groysman noted that only UAH 8.2 billion is to be spent on science, but the financial management system in science remains imperfect and needs to be improved, and the government plans to work on this in 2018.