Belarusian Innovation Fund
220002, Republic of Belarus
31A-403, V.Horuzhey str, Minsk
Tel./fax.: +375 17 293-17-81
Tel.: +375 17 262-00-10
e-mail: belinfund@mail.ru
website: www.bif.ac.by
Mission: comprehensive support for the development of innovation activity on the territory
of the Republic of Belarus.
The Belarusian Innovation Fund is a public
nonprofit organization that:
• Operates on the principles of long-term and
recurrent funding of innovations, venture
projects, establishment and development of
production;
• Has the ability to establish branches and
representative offices in the country and
abroad;
• May take equity participation in the establishment and operation of businesses.
• Promotion of foreign trade activities,
including participation in the implementation of license agreements;
• Attraction of foreign investment and
assistance in the organization of joint
ventures, development of high-tech products and advanced technologies;
• Exhibitions, fairs of innovative products,
seminars, conferences, symposia and other
scientific and practical activities;
• Information, advertising and other activities.
The Belarusian Innovation Fund provides:
• Financial support for innovative projects on a
returnable basis, as well as high efficiency
inventions of major economic importance;
• Funding in organization and development of
high-tech scientific and technical products;
• Financing of venture projects;
• Establishment and development of industries
within the country, based on new and high
technologies;
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