Electronics Support Fund for Research & Development (specialized parent company - Private Joint Stock (PJS)), affiliated to the Ministry of Industry, Mine and Trade, is a 100% governmental company, which law was passed in 1997 and its statute was approved by the Council of Ministers in 1998. The General Assembly of the Fund consists of the Ministers of Industry, Mine and Trade (President of the General Assembly), ICT, Economic Affairs and Assets, Science, Research and Technology, Defense and Armed Forces Logistics, Energy and the President of the Management and Planning Organization. The first members of the Board of the Fund were appointed in 1999 by decree of the president of the general assembly, and the Fund began its activities by awarding grants or loans at preferential rates to natural or legal persons with a focus on venture capital and expert services, issuance of the guarantee and financial and credit support for the research and development of electronic industry in private and cooperative sectors in the following areas.

·         Purchase, transfer, attraction and development of advanced technologies

·         Studies and research, including fundamental, applied and development studies

·         Short-term specialized trainings

·         Engineering and design services

·         Semi-industrial and large-scale manufacturing and service-providing projects

·         Participation in domestic and international tenders, conferences and exhibitions

·    Preparing the grounds for information-providing, compilation, accumulation and dissemination of technical knowledge

·         Expanding international economic and technical cooperation and export promotion

·         Attracting domestic and foreign investments

The current members of the Board of Directors