BUSINESS FUNDS 10 % OF SCIENCE IN ARMENIA

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.