Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 31 n° 259

World Bank Continues to Support Croatia’s Innovation Potential

Posted by fidest press agency su martedì, 30 aprile 2013

WASHINGTON.The World Bank’s Board of Executive Directors today approved the Second Science and Technology Project (STP II) in the amount of EURO20 million (USD$26.24 million equivalent). STP II will help those involved in research and innovation, including public research institutions, scientific communities, high performing scientists, and young researchers, to fully benefit from EU accession by increasing their capacity to apply for and implement EU-funded projects.STP II builds on a successful previous Science and Technology Project designed to strengthen Croatia’s innovation potential and increase its competitiveness by supporting the design and implementation of R&D programs managed by the Business Innovation Croatian Agency (BICRO) and the Unity through Knowledge Fund (UKF). It also assisted public research organizations to commercialize their research and improve the collaboration with the business sector.STP II will continue to support programs for small- and medium-enterprises (SMEs) and scientists helping them to benefit from EU funds. This will be done by assisting selected public sector institutions design proposals and implement projects financed by EU funds. Through R&D financing, the project will help stimulate the demand for EU funds from the business and scientific communities, particularly SMEs, high performing scientists, and young researchers.“Experience from other EU member states shows that efficient use of EU funds for R&D and innovation has led to growth and productivity increases as well as creation of high skilled jobs, including for youth and women. This is of particular importance in times of economic crisis when public and private investments in R&D and innovation are limited.” said Mamta Murthi, Country Director for Central Europe and the Baltic Countries. “It is, therefore, vital for Croatia to seize the opportunity and efficiently use the forthcoming EU funds to further boost Croatia’s innovation potential. We are very pleased that Croatia has again chosen the World Bank to partner in this effort.”Since joining the World Bank in 1993, Croatia received support from the global development institution in the form of financial and technical assistance, policy advice, and analytical services. To date, the Bank has supported 48 projects in the amount of US$3.3 billion, and it has approved 52 grants with a total value of US$70 million.

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