Azerbaijan, Baku / Trend corr. S.Babayeva / The Azerbaijani Government will finance the infrastructure for creation of regional innovation zone. The commerce projects will be implemented for production and export of science intensive products in regional innovation zone, Ali Abbasov, the Communication and Information Technology Minister of Azerbaijan, said on 28 September.
Abbasov announced incomes from regional innovation zone projects and said that the figure would reach $4bln by 2012.
The regional innovation zone project in Azerbaijan envisages creation of technical parks for development of small-scale and middle-scale innovation entrepreneurship, creation of regional base on production and export of electron equipments and software and many other issues.
A set of proposals developed by the consulting Booz Allen Hamilton have been submitted to the government.