Whether it happens among students in a classroom or engineers in a laboratory, innovation is a process that begins with an idea and results in transformative trends and business start-ups that can boost a country’s economic development.
For Kazakhstan, innovation has the potential to unleash the private sector as the country strives to build a more diversified and competitive economy.
Launched by the Kazakh Ministry of Education and Science and the World Bank, and building on the impressive achievements of the Bank’s Technology Commercialization Project over the past 12 years, the Fostering Productive Innovation Project (FPIP) promotes and develops commercial innovations in Kazakhstan by providing grants to entrepreneurs and start-ups seeking to improve the quality of people’s lives.
The primary objective of the FPIP for Kazakhstan is to promote high-quality, nationally relevant research on, and the commercialization of, new technologies.