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Ahmed Mir, head of the National Committee for Monitoring University Innovation and Entrepreneurship, said that requiring businesses with an annual turnover of two billion dinars or more to allocate at least 1% of their profits to research, development and innovation was a step toward strengthening cooperation between universities, the economic sector and startups. The decision makes it possible to fund incubators, digital fabrication labs, accelerator programmes and open-innovation initiatives. It also allows purchases of solutions and products from startups to count toward businesses’ legal obligations. Mir called on universities, researchers and entrepreneurs to deepen their partnerships with businesses in order to bring research findings to market and turn them into valuable products.
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