Article 1. The basic concepts used in this Law of the Law On the innovation cluster "Astana Hub"

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The following basic concepts are used in this Law:

1) acceleration is the process of training and educating subjects of innovation activity in order to intensively develop their innovative projects;

2) the Astana Hub Autonomous Cluster Fund (hereinafter referred to as the Fund) is a non–profit organization established by the Government of the Republic of Kazakhstan and performing functions stipulated by the legislation of the Republic of Kazakhstan;

3) the Astana Hub Innovation Cluster (hereinafter referred to as the innovation cluster) is an association of participants in an innovation cluster designed to stimulate innovation, including in the field of information and communication technologies, through interaction and sharing existing opportunities, sharing knowledge and experience, conducting research, effective technology transfer, establishing sustainable partnerships, and dissemination of information;

4) the Astana Hub Innovation Cluster Participant Project (hereinafter referred to as the Innovation cluster participant project) is a set of measures aimed at creating or improving industries, technologies, goods, works and services implemented over a certain period of time;

4-1) Astana Hub participants are legal entities registered as participants of Astana Hub in accordance with the procedure determined by the authorized body in the field of informatization.;

4-2) special economic zone "Park of Innovative Technologies" is a special economic zone in the field of information, communication and innovative technologies, established in accordance with the legislation of the Republic of Kazakhstan on special economic and industrial zones;

5) technological development center – a center that promotes the development and creation of innovative technologies, including information and communication technologies, as well as training in improving production technologies, including its content and implementation;

6) multinational corporation – a legal entity (a set of legal entities) consisting of the main organization and branches, subsidiaries in the territories of several countries;

7) a foreign investment fund is a non-resident legal entity whose exclusive activity is the accumulation and investment of subjects of innovative activity in the Republic of Kazakhstan.

The Law of the Republic of Kazakhstan dated June 10, 2014 No. 207-V SAM.

This Law defines the legal status of the Astana Hub innovation cluster.

President

Republic of Kazakhstan

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