By Yana Dianova
Since August 10, 2017, the Federal Law of July 29, 2017 No. 216-FZ has been in effect in Russia, providing for the legal basis for establishment and operation of innovation scientific and technological centres in order to implement the priorities of the scientific and technological development of the Russian Federation, increase the investment attractiveness of research and development, the commercialisation of their results, incentives for persons involved in the implementation of such projects, the features of their activities, including urban planning, educational and medical activities (the “Law No. 216-FZ”).
The Innovation Scientific and Technological Centre (ISTC) is a complex of organisations whose main purpose is implementation of scientific and technological activities, and other persons whose activities are aimed at ensuring the functioning of such a centre, operating on a territory specified by the Government of the Russian Federation.