: In January, the World Bank’s Board of Executive Directors approved a $13.4 million loan for Kazakhstan’s Technology Commercialization Project (TCP). The TCP has a total budget of $75 million, $61.6 million of which comes from Kazakhstan’s government, and seeks to restore some of the country’s scientific capacity, which was strong during the Soviet era. Two specific aims of the Project include the improvement of the country’s science base through the funding of research programs and the purchasing of modern laboratory equipment, and the creation of links to local and worldwide technology markets through the establishment of regulatory frameworks for technology commercialization and innovation.

Source: World Bank