The first R&D stage of projects – the winners of “IDEA-1000” Program – has been over.

In May, 4 2007 “Incubation Technologies Center-1” LLC in the person of its management company “The Innovative Technopark “Idea” OJSC has successfully given financial and scientific and technical statements of the first stage or R&D, implementing under the state contract with Foundation for Assistance to Small Innovative Enterprises (FASIE).

The total amount of financing the first stage of projects development is $141176.5. The most of the finances was spent to wage payment of scientific director.

It is necessary to remind that LLC «Incubation Technologies Center - 1» was formed for developing projects, selected in the framework of the Programme of innovative projects «Idea-1000» in the nomination «Young people innovative project». The winners in this nomination get the parity financing from the Venture Fund and from the Foundation in the order specified by the Programme.

Source: tpidea.ru