Turkmenistan is creating a database of the country’s author’s inventions to introduce them into business incubators with the involvement of venture capital, Trend reports citing “Turkmenistan: Golden Age”.

The database will operate in the transfer center under the Technology Center of the Academy of Sciences of Turkmenistan. The transfer center is engaged in attracting foreign investment in highly profitable and highly scarce industries, such as fishmeal production, machine tools, automotive, wool yarn and catgut production.

One of the center’s primary goals is to introduce innovative projects into startups, small and medium-sized businesses.

“In business incubators for young entrepreneurs, we place a special emphasis on textile industry issues and improving yarn quality. We also intend to develop projects for startups and business incubators for the production of heparin, a high-protein feed for livestock,” according to the center’s report.

The main goal of the center is to promote the development of production in Turkmenistan and the introduction of foreign advanced technologies.

Source: Trend News Agency