Gov't approves draft of the so called "small law of innovation"

The Council of Ministers has approved a draft of the new law changing ways of conducting an innovative activity ( "small law of innovation"). A variety of rewarding instruments and tax relief will likely increase spendings on R&D, one of the new government's major plans. "New solutions proposed in the so called "small law of innovation" will help Poland not to fall into the middle income trap, which Prime Minister Beata Szydło promised in her exposé .[...] Poland has committed to increasing its spendings on B+R ( R&D) to 1.7 percent of GDP by 2020. In 2014 spending amounted to 0.94 percent, less than half of which came from the corporate sector. The law will enter into force 30 days after its official publication, except for some taxation laws which will be valid from January 1, 2017.