BUSINESS FUNDS 10% OF SCIENCE IN ARMENIA

Panorama.am
17:01 06/04/2007

In Armenia the business community funds only 10% of science whereas
in Turkey the indicator is 45.4% and in China – 60.1%, president
of the Academy of Sciences, Radik Martirosyan, unveiled the figures
today. In his words, more scientific innovations must be introduced
in the economy, which will step up business funding in science.

The president of the academy said the state releases 6 million
Armenian drams to the academy annually. He said Azerbaijan and
Georgia release 8 and 4 times more respectively. Despite of low
funds, the Armenian academicians managed to publish 258 articles
in respectful international scientific journals in the fields of
physics. Martirosyan also said the academy published 57 books and
3142 articles in the course of the recent four years. He said the
Academy of Sciences received total of 66 grants in the amount of USD
8 288 491 under the reporting time.