The authority responsible for developing innovation policy in the Republic of Estonia is the Ministry of Economic Affairs and Communications, in which the Innovation Policy Committee has been established as a consulting body.
The purposes of innovation policy are:
- the competitive quality of research and development and increase in volume;
- innovative business that creates added value in the global economy;
- innovation-friendly society aimed at long-term development.
Additional information on the strategic objectives can be found in the national Research, Development and Innovation Strategy “Knowledge-based Estonia 2007-2013”. Innovation, in a broader sense, also includes the modification of design, the distribution of new products as a result of technological transfer, etc.
Alongside innovation, access to R&D is essential for businesses to develop and stay competitive.
Intellectual property must be protected to encourage innovation.
Ground-breaking entrepreneurial projects which, due to their novelty include an element of risk, are given special funding for their effective launch on the market. Such funding is provided by the support programme for research and development projects:
The website of the Ministry of Economic Affairs and Communications provides information on different grants.