Polish president signs bill to spur innovation
PR dla Zagranicy
Polish President Andrzej Duda has signed into law a bill designed to boost innovation and research and development.
President Andrzej Duda signs the innovation law at a ceremony at the Centre for Advanced Materials and Technology in Warsaw on Friday. Photo: PAP/Marcin Obara
The bill is designed to encourage R&D and help develop an innovative and modern economy, Duda said as he signed the legislation on Friday.
The law offers new tax incentives for businesses conducting research and development work and enables universities to set up companies to manage research infrastructure.
The law marks another stage in building “a truly innovative Poland” and “an environment for all types of innovation,” Duda said during the signing ceremony at the Centre for Advanced Materials and Technology (CEZAMAT) in Warsaw.
The new regulations, referred to as the "second innovation law," will come into force on January 1. They will open up a number of opportunities for innovative businesses and start-up firms, according to Duda.
Late last year Duda signed into law a first bill designed to encourage innovation in Poland.
Source: IAR, PAP