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I NTERNAT I ONAL COMMERC I AL LAW
39
10.
Sponsorship for Research and Development (
hereinafter referred
to as the
“R&D”)
The Communiqué numbered 1998/10 Regarding the Sponsorships for
R&D
11
aims to cover the monitored R&D expenses of industrial companies
and to provide capital aid to them through the Undersecretariat.
The coverage of the sponsorship is as follows:
•
To Sponsor R&D Activities on a Project Basis
This sponsorship provides for the partial payment of the expenses
arising out of (i) the in-house R&D activities of the institutions or
(ii) the R&D activities outsourced by the mentioned companies, as
long as they are carried out in Turkey.
TheR&DactivitiesareevaluatedbyTheScientificandTechnological
Research Council (hereinafter referred to as “TÜBİTAK”),
and the competent authority to approve the sponsorship is the
Undersecretariat.
•
Procurement of Capital Aid for Projects
An agreement must be signed between the TechnologyDevelopment
Foundation of Turkey (hereinafter referred to the “TTGV”) and
the applicant companies. The competent authority to approve the
sponsorship is the Undersecretariat. The capital aid is procured in
two ways: (i) capital aid for product development projects and (ii)
capital aid for projects focused on strategic issues.
•
Sponsorship for Other Projects
The Communiqué also envisages sponsorships for the R&D
expenses of EUREKA projects and of companies established by
several industrial institutions together with TÜBİTAK or TTGV.
11.
Sponsorship for Environmental Costs
In the scope of the state aid for export, the Communiqué numbered
97/5
12
aims to partially cover the expenses of companies active in Turkey
11 The mentioned Communiqué was published in the official gazette dated 4 November 1998,
numbered 23513 and entered into force.
12 The mentioned Communiqué was published in the official gazette dated 31 July 1997, num-
bered 23066 and entered into force.