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BNS - The Estonian state is about to assign 904 million kroons (EUR almost 58 mln) to eight technology development centers of Enterprise Estonia (EAS) with the help of the European Regional Development Fund.
The money for the development of businesses will be allocated by EAS over the next six years, aside from which the companies involved in the centers and universities will invest additionally 428 million kroons, EAS said on Wednesday.
All the partners together stand to invest 1.3 billion kroons in development work during the six-year period.
Involved in the technology development centers getting support under the program are about 100 Estonian companies, for whom preconditions will be created to become the biggest risers when normal economic environment is restored.
The first technology development centers were set up in Estonia at the end of 2004. It is now that their research work is entering the stage of applications, EAS said.
Five of the centers have been active for a number of years and three are in the process of starting up.
Of the total number, two are active in food industry, two in medicine, three in IT, communications technology and electronics applications and one in the sphere of nanotechnology with emphasis on developing new materials.
(EUR 1 = EEK 15.65)
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