RESOURCES OF RA NAS SCIENCE DEVELOPMENT FUND TO BE USED FOR COMMERCIALIZATION OF SCIENTIFIC STUDIES

Noyan Tapan
March 26, 2008

YEREVAN, MARCH 26, NOYAN TAPAN. Since the day of its establishment
– August 20, 2007, the total amount of donations to the Science
Development Fund of the RA National Academy of Sciences (NAS) has made
16.78 mln drams and 400 thousand dollars, the fund’s director Hrant
Matevosian said at the March 26 sitting of the RA NAS presidency. 16.78
mln drams was allocated as a primary sum by the RA NAS, 300 thousand
dollars was received from businessman Gagik Tsarukian, member of
the fund’s board of trustees and 100 thousand dollars – from Ara
Abrahamian, the president of the Union of Armenians of Russia. It
was announced that 50 thousand dollars out of the sum donated by G.

Tsarukian was distributed to socially vulnerable merited
scientists. Another 50 thousand dollars was given to a specially
created surgery fund – for cardiovascular and tumor operations.

It is planned to use A. Abrahamian’s donation for holding a contest
of scientists.

According to a press release of the RA NAS, the main directions of
the fund’s activities were discussed at the sitting. In particular,
it was pointed out that the major sums earned should be used for
commercialization of scientific studies, which will allow to increase
resources of the fund and to make a profit.