S&T Country Report - Albania - WBC-INCO Net

The long term objectives of STP MPI are to:
• create a powerful scientific, professional and business center within STP MPI;
• provide conditions for continuous, intensive professional advancement of all
employees in their fields of interest;
• provide 100.000 Eur annual income per employee in the basic areas of work;
• create a respectable R&D institute in dedicated ICT areas;
• form a high-education ICT center on STP MPI premises;
• ensure an annual total income growth rate of no less than 15%, preferably
30%;
• reach the overall STP MPI’s 50% share of product and service exports in the
total income;
• form joint venture R&D centers with national and foreign R&D institutions;
• form companies with national and foreign companies; and
• form incubator to provide al required support to the establishment,
development and marketing of SMEs .
“Mihailo Pupin” Institute (MPI) is a public, 100 % state owned company. Daughter
companies are 100% owned by the “Mihailo Pupin” Institute, the mother company.
Top governing body of “Mihailo Pupin” Institute is the Managing Board, appointed by
the Government of Serbia - Ministry of Science, where 50% of the Board members
are appointed from the Institute employees - members of the Scientific Board with
PhD degrees. This Ministry is the founder of STP MPI.
The project of forming the Mihajlo Pupin Science and Technology Park will be
financed as follows:
• 20% of the total investment will be provided by the Ministry of Science;
• 40% of the total investment will be financed by the Serbia’s Development Fund
through a credit (5% annual interest rate, 5-year repayment period, one-year
grace period); and
• 40% of the total investment will be financed by commercial bank credit (6.5
annual interest rate, 5-year repayment period).
It is planned, that the STP MPI provides the following services to “hosted”
companies:
• Infrastructure (Shared reception desk, Conference hall, Presentation
equipment and space, Laboratories, Library, Photocopying, Maintenance and
security, Ambulance, High-capacity Internet and Intranet, Parking and
Restaurant);
• Consultancy (Marketing services and support to market research, Contacts
with potential service/product buyers);
• Administrative-bookkeeping services (Legal services and advising on
company establishment and management, Legal advice in project contracting,
patenting and intellectual property rights protection, Creation of business plans
and investment studies);
• Accounting and financial services (Financial analysis - internal and external,
Financial planning, Financial auditing, Organization of finance function);
• Support to the introduction of quality management system and implementation
of product quality instruments and standards (ISO standards);
• Translation services;
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