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The Institute for the promotion of Innovation by Science and Technology (Innovatie door Wetenschap en Technologie, IWT-Flanders) is a public institution in Flanders (Belgium) to provide R&D and innovation support. The institute was established by the Flemish government in 1991. To support its goal the institute has several financial tools and an annual budget of 190 million EUR (in 2002) at its disposal. Paul Zeeuwts was its President from 1991 until 2009.
Besides direct funding of projects, the institute provides a variety of services to the local industry in the field of technology transfer, partner search, information about international subsidy options, etc. Part of its mission is to promote a strong co-operation between all organisations in Flanders, offering technological innovation services to companies. Over the years the institute has become the knowledge center for R&D and innovation in Flanders.