Ulaanbaatar
Administration established for Science Park
PoliticsUlaanbaatar /MONTSAME/ Last year, an inauguration ceremony was held to reform Mongolia’s Information Technology Park as a Science Park. During its regular meeting on January 18, the Cabinet resolved to make Department of Science Park Management at the Science and Technology Fund an Administration of the Science Park.
The administration is responsible for developing innovative, high-technology industry, and handling the establishment and organization of the Science Park.
The 2016-2020 action plan of the Cabinet encompasses certain objectives such as improvising the authoritative and organizational system of science sector in compliance with international trends, developing knowledge-based innovation technology industry, boosting scientific industry products, nurturing national innovation system, and creating legal environment conducive to progress of innovation.
The Science Park is expected to play an important role in realizing these objectives. The Science Park administration will function to develop fruitful cooperation between scientific and business institutions, and produce entrepreneurs and start-up companies based on innovative and high-technology industry.
As the Science Park Management Department has been merged to the administration, there will be no burden on state budget and additional vacancies.
