IMPORTANT DEVELOPMENTS IN REGULATION OF SMALL INNOVATION ENTERPRISES (hereinafter «MIPs»), FOUNDED BY THE BUDGETARY EDUCATIONAL INSTITUTIONS OF HIGHER EDUCATION, AUTONOMOUS INSTITUTIONS, THE BUDGETARY SCIENTIFIC INSTITUTIONS AND AUTONOMOUS SCIENTIFIC INSTITUTIONS (hereinafter «universities and scientific institutions») FOR THE PRACTICAL USE (IMPLEMENTATION) OF THEIR RESULTS OF INTELLECTUAL ACTIVITIES
Due to entering into force of Article 103 of the Federal Law No. 273-FZ “On Education in the Russian Federation” and adoption of the amendments to Article 5 of the Federal Law No. 127-FZ "On Science and State Science and Technology Policy" starting from 1st of September 2013:
In summary, starting from September 1, 2013 universities and scientific institutions are allowed to establish MIPs, including in the form of business partnerships, with any size of participation shares and to engage third parties to participate in MIPs charter capital without the need to make cash contributions for not less than a half of their shares, with the ability for universities and scientific institutions to solely use revenues received from the sale of shares and deposits in MIPs.
MIPs have received an opportunity to transfer to third parties, including by way of sublicensing, the right to use the intellectual activity results provided to them by universities and scientific institutions.