Russia will go ahead with setting up a defense research agency analogous to America's Defense Advanced Research Projects Agency, after President Vladimir Putin signed into law a bill on the new body on Tuesday.
The law on the establishment of the Future Research Fund, published on the government's legislative website was approved by the Federation Council on October 10 and by the Duma on September 28.
The fund's main purpose will be to sponsor high-risk scientific research and development for defense-related studies which could lead to breakthroughs in defense technology for Russia. Rights to all intellectual property and scientific developments produced by the fund will remain state property.
The fund will replace the military-technical commission headed by Deputy Prime Minister Dmitry Rogozin and will be subject to the Defense Ministry and Russian government. It will be run by a supervisory board, management and a general director. It is not known if Rogozin, who was the driver behind creation of the agency, will be its director.
Around 100 staff will work in the agency initially, managing around 150 projects.
America's DARPA was set up in 1958 as a direct response to the USSR's progress in rocket science and the launch of the Sputnik satellite. It is currently involved in developing robots for the Pentagon, and has previously contributed to development of the internet.