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International Monetary Fund. Asia and Pacific Dept

. Science and technology for micro and small enterprises (SMEs) : As Bangladesh’s economy is based on SMEs, effective methods and plans of promotion of innovations in the SME sector need to be devised in SFYP. The Plan may include a program for providing special technical and financial support to innovators to set up enterprises. More specifically, there may be three specific components of the plan for (SMEs) : 1. Technology/ knowledge-based new start-ups (which need S&T inputs for incubation): There are no technology business incubators (TBIs) for providing

International Monetary Fund

developed from regional plans. 3.11.6. Stimulation of economic growth and development, and in particular export-oriented foreign direct investment, requires the implementation of new ideas, such as clusters, business incubators, industrial zones, technological parks , etc. The Ministry of Economy and the Ministry of International Economic Relations defined a pilot project for supporting the process of developing clusters in Serbia. Autoklaster Srbije, which gathers car-part producers, has been established. Moreover, a new concept of regional development should be

International Monetary Fund

numerous high value-added services in 2009. However, ICT companies have not yet been able to reap the expected added-value benefits in the services area as the environment remains unfavorable to competition with delays in unbundling, number portability, open access to short numbers and the opening up of international data access. The ICT business incubator project, launched in 2010 and intended to facilitate the incubation of at least 30 companies a year, will provide support for young enterprises with development potential to help them grow into competitive

International Monetary Fund

National Fund on Support of Entrepreneurship, and preferential loans to farmers play a significant role in the development of the private sector. The establishment of special economic zones is also one of the major initiatives of state support to entrepreneurship. Efforts are made to create the first industrial city, business incubators and a network of business centers in the country to establish a market infrastructure of entrepreneurship. A new State Program is expected to be adopted that will cover the state policy on the development of entrepreneurship and the

International Monetary Fund. European Dept.

both via Internet and in presence, thereby facilitating the completion of the preliminary paperwork. Alongside, the government intends to introduce targeted provisions to boost the development of niche economic activities by enacting tailored fiscal and legal requirements. The existing high-tech business incubator will be further developed to attract foreign capital and the establishment of joint-ventures. The authorities are also working on the possibility to facilitate access to residency permits and the real estate market to foreigners without endangering the