Grant Funding Council– a body created based on the experience of the World Bank and operating under the “National Agency for the development of Innovations “QazInnovations” JSC to finance and support innovative projects.

The creation of the council is a new practice in the selection procedure; previously, a temporary commission, consisting of civil servants, representatives of public organizations, and some experts, acted during the selection.

The newly created Council consists of market experts with experience in investing in innovative projects and industry experts with many years of experience in the commercialization of high technology projects.

It will operate continuously to evaluate the performance and mentor grantees and protect their interests.

The Board covers 8 of the 10 priority technologies and therefore has independent experts in all areas for technical advice.

– The applicant is not entitled to conduct oral, written, or telephone conversations with members of the Grant Funding Council (hereinafter referred to as the Council) and contact them in other ways regarding the proposed project for an innovative grant. This action of the applicant will be regarded as an attempt to influence the decision of the Council to provide an innovation grant. The confirmed fact of such an action by the applicant will lead to the withdrawal from consideration of the project and its inclusion in the register of unscrupulous participants, posted on the website of the “National Agency for the development of Innovations “QazInnovations” JSC.

– It is allowed to involve a member of the Council as an investor in the declared project. In this case, the Council member must immediately notify NARI JSC of the conflict of interest that has arisen and withdraw from participating in the consideration of the application, conducting an examination of the draft application, and making decisions on granting or refusing to provide an innovative grant, for which a conflict of interest has arisen.

– In all other cases, Council members are required to inform the Authorized Body and “National Agency for the development of Innovations “QazInnovations” JSC in writing about any situation of actual or potential conflict of interest that affects its ability to act in the interests of the Authorized Body and the Company and withdraw from further participation in the consideration of the application for which a conflict of interest has arisen.

For the purposes of transparent and fair competition, we remind you that the “National Agency for the development of Innovations “QazInnovations” JSC systematically and constantly conducts clarifications in open areas. Also, based on the results of the competitions, it is planned to hold a meeting with members of the Council to receive general feedback.