New Fund and Technopark to Support GLONASS Technologies

The Government of Russian Federation recognized the feasibility of establishing a special fund to support GLONASS technologies and their promotion in Russia and abroad, the newspaper “Izvestia” wrote on Friday.

“We need to support the proposal of the nonprofit partnership GLONASS on feasibility of establishing the Fund, which aims at supporting the development of GLONASS technologies and their promotion in Russia and abroad, and of specialized Technopark for companies developing products and services with the use of GLONASS technologies,” the newspaper quoted the text of the draft Protocol following the meeting of the working group.

According to the newspaper, the Economic Development Ministry, the Ministry of Industry and the Fund “Skolkovo” were entrusted to the end of November to submit proposals to the government on the creation of such a fund and specialized technology park.

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