Mongolia spends MNT 12 billion on innovation - News.MN

Mongolia spends MNT 12 billion on innovation

Sunday

2019/09/15

Dollar (USD)

2533.95

Ulaanbaatar

+19°C

Mongolia spends MNT 12 billion on innovation

A “Science, Technology and Innovation-2018” exhibition opened today at the Mongolian National Art Gallery. A total of 120 enterprises displayed nearly 1500 innovation products such as books, medicine, bio active products, agriculture and food technologies at the exhibition.

The aim of the event is to promote and disseminate scientific achievements and find application for new innovations. It is hoped that thanks to “Innovation-2018”, they will go into production and find economic application.

The Science and Technology Foundation of Mongolia has planned to implement 454 projects in 2018; in total, 80 percent or 431 projects have been successfully implemented. The foundation has spent 9.6 billion for financing the projects. The foundation provides finance for eight different kinds of projects every year.

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