Lawmaker agree to accept $35 million for innovation

Lawmakers have given final approval to a $35 million loan from the  Banco Interamericano de Desarrollo that is designed to be used in a five-year program to encourage innovation.

Some $25 million will be invested in what the lawmakers call human capital, that is scholarships and grants for some 500 individuals. The remainder, $10 million, will be be bestowed on some 200 Costa Rican companies over the five years.

The use of the money will be supervised by the Ministerio de Ciencia, Tecnología y Telecomunicaciones  with the help of the  Promotora de Comercio Exterior.

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