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Law on incentives for development research and innovation.

Country/Territory
Montenegro
Document type
Legislation
Date
2020
Source
FAO, FAOLEX
Subject
General
Keyword
Subsidy/incentive Research
Geographical area
Europe, Europe and Central Asia, Mediterranean, Southern Europe
Entry into force notes
This text entered into force eight days after its publication in the Official Gazette (published on 6 August 2020).
Abstract

This Law prescribes the conditions for acquiring the status of a beneficiary of the right to incentives measures for research and innovation development, conditions for approving, renewing and revoking the status of beneficiaries of incentive measures, types of incentive measures, as well as other issues of importance for the implementation of incentive measures. Incentives for the development of research and innovation are measures that encourage the performance of scientific research and innovation activities, as well as investment in these activities. Incentive measures are aimed at stimulating economic growth, technological development, innovation and entrepreneurship through employment, especially of young, highly qualified persons, strengthening of existing innovative companies and creation of startups and spinoff, export promotion, especially in the medium and high technology sectors, services based on knowledge, as well as creating a more favorable environment for scientific research and innovation activity in general. Beneficiaries of the right to incentive measures may be domestic and foreign legal and natural persons who perform scientific research and innovation activities in Montenegro, as well as other legal and natural persons who invest funds or are otherwise related to these activities, in accordance with conditions prescribed by this Law and the Law governing state aid.

Full text
Montenegrin
Website
www.sluzbenilist.me

References - Legislation

Implemented by

Regulation on closer conditions for acquiring the status of beneficiaries of incentive measures for the development of research and innovation.

Legislation | Montenegro | 2021

Keyword: Subsidy/incentive, Research, Procedural matters

Source: FAO, FAOLEX