Law on innovation activity. Country/Territory Montenegro Document type Legislation Date 2020 Source FAO, FAOLEX Subject General Keyword Education Public participation Public private partnership (PPP) Financing 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 regulates the organization, conditions, manner of financing and encouraging of innovation activities, aimed to improve the national innovation system through the development of innovation capacity and innovation infrastructure, for the needs of economic development of Montenegro, as well as other issues of importance for innovation. Innovation activity means a set of activities of the state and local self-government, business sector, scientific and academic community, civil sector and citizens, whose goal is modernization of the economy, development and application of product and process innovations, use of innovative production technologies, introduction of new business models, etc., as well as capacity development and infrastructure for such activities. Innovative activities performed by subjects of innovation activity for the purpose of innovation creation are: research and development; engineering, design and other creative activities; marketing and branding; activities related to the creation and protection of intellectual property; education and training of employees for the use of innovations; software and database development; purchase, lease or acquisition of fixed assets - facilities and specialized equipment or own production of these goods in order to create innovations; innovation management; other activities to create innovation. Full text Montenegrin Website www.sluzbenilist.me References - Legislation Implemented by Regulation on the Register of innovation activities. Legislation | Montenegro | 2021 Keyword: Financing, Registration, Public private partnership (PPP) Source: FAO, FAOLEX Pravilnik o bližim uslovima za sticanje statusa korisnika podsticajnih mjera za razvoj istraživanja i inovacija. Legislation | Montenegro | 2021 Keyword: Subsidy/incentive, Research, Procedural matters Source: FAO, FAOLEX