A venture project is being implemented for the first time in the Vitebsk region

October 10, Vitebsk / Diana Kurilo - BELTA /. A venture project is being implemented for the first time in the Vitebsk region, a BELTA correspondent was informed at the Economics Committee of the Vitebsk Regional Executive Committee. A venture project is a set of works on the creation and implementation of innovations, the organization and development of high-tech product manufacturing, including through the establishment of an innovative organization. The Belarusian Innovation Fund has recognized the development and implementation of a new technology for the production of cement-porous sheets, which ensure resource saving and import substitution in construction at OrshaCHEMBel LLC, as a venture project and decided to finance it. This project is included in the state program of innovative development. The implementation of the project will allow for the establishment of innovative product manufacturing, which will find wide application in the construction sector for building facade insulation, manufacturing lightweight wall panels, and installing permanent formwork. The creation of production will make it possible to reduce the cost of enclosing structure construction by up to 40%, and to organize product exports to Russia and Ukraine. With the support of the Belarusian Innovation Fund, another project is being implemented in the region, included in the state program of innovative development - "Expansion of production of boilers and boiler equipment of NPP Belkotlomash LLC". It will allow for the expansion of the enterprise's scientific and production base and stimulate the application of new developments – energy-efficient boilers using local types of fuel, including milled peat, and increase their production for the needs of domestic and foreign markets. As noted in the Economics Committee, the Belarusian Innovation Fund has participated in financing innovative projects proposed by enterprises of the region for the first time. The Belarusian Innovation Fund was established by a resolution of the Council of Ministers in 1998 to strengthen state support for innovation activities in Belarus and is a non-profit organization under the State Committee on Science and Technology of the Republic of Belarus. The main task of the fund is to ensure favorable conditions for the development of innovative entrepreneurship and the effective functioning of enterprises and organizations of various forms of ownership that develop and produce knowledge-intensive innovative products in Belarus. Project financing is carried out on a repayable and paid basis. -0-