Effective as of April 16, Circular 17/2026/TT-BKHCN is anticipated to determine a complete authorized framework for science, technology and innovation improvement funds in any respect ranges, offering a basis for unified governance whereas sustaining proactiveness and flexibility in follow.
The Ministry of Science and Technology has just lately issued, for the primary time, a mannequin organisation and operation constitution of science, technology and innovation improvement funds of ministries, ministerial-level businesses, government-attached businesses, central businesses and provincial-level People’s Committees, with a view to making sure the uniform utility from the central to native ranges.
Effective as of April 16, Circular 17/2026/TT-BKHCN is anticipated to determine a complete authorized framework for these funds, offering a basis for unified governance whereas sustaining proactiveness and flexibility in follow.
Accordingly, a science, technology and innovation improvement fund is outlined as a not-for-profit state monetary establishment with the authorized individual standing and entitled to obtain and use sources from the state funds and different lawful sources.
It is tasked with financing the implementation of programmes and the efficiency of duties in science, technology and innovation; offering monetary and rate of interest help for technology utility, switch and innovation; supporting actions to boost science and technology capability; aiding the event of the innovation system and the start-up ecosystem; and selling an innovation and entrepreneurship tradition.
Notably, all governance actions of the funds are results-oriented and carefully linked to the market demand, contributing to an efficient innovation ecosystem connecting the State, analysis institutes and universities, and enterprises.
The round introduces a co-financing mechanism between the State and enterprises, by which state funds funds will probably be prioritised for fundamental analysis and utility levels, whereas enterprise contributions will steadily enhance in step with technological maturity and commercialisation potential. This method helps mobilise social sources and strengthen linkages between analysis, utility and the market.
In addition, a threat administration mechanism tailor-made for analysis actions is launched, permitting unexpected dangers, if compliant with set procedures, to be thought-about for acceptance. Stage-based evaluations will function a foundation for making determination on job continuation, adjustment or termination.-