The main objective of the Innovation and Competitiveness Development Project in Kazakhstan is to support the government in implementing its Industrial Innovation Program.

This will be achieved through the following:
- Improving the legal and regulatory policy framework for industrial innovation, R&D, technology commercialization, protection of intellectual property generated in Kazakh research institutes, universities and industry, standards, quality assurance, and supply chain linkages between oil and non-oil private enterprises;
- Reviving and rebuilding Kazakhstan's R&D capacity by concentrating government R&D funding in selected Centers of Excellence;
- Establishing technology commercialization offices that would provide a range of services that are designed to link Kazakh scientists to international technology markets and the research priorities of domestic and foreign firms; and
- Establishing a Supplier Development Program that would allow Kazakh firms and scientific organizations to become qualified suppliers to large, dynamic foreign and domestic companies.

The World Bank (WB) estimates the total project cost at US$ 45,000,000.

UPDATE, 28 January 2008: This project has been approved by the World Bank with the title changed to "Technology Commercialization Project" and will now have a total project cost of US$ 75 million.

UPDATE, May 8 2006: This project will now have an estimated total project cost of US$ 64 million (previously US$ 45 million). The previously 4 component of this project component have now been consolidated to 2 main components; Component 1: Strengthening the science base in Kazakhstan; and Component 2: Linking the sciences of the country to its markets.