ULAN BATOR, May 6 (Xinhua) -- Mongolia on Monday here launched its fifth Innovation Week to promote creativity in the public and private sectors.

The week under the theme of "Joint Innovation" is being co-organized by the Mongolian Ministry of Education, Culture, Science and Sports, the Mongolian Academy of Sciences, the Mongolian National Chamber of Commerce and Industry, several universities and other relevant institutions.

The event aims to create cultural innovation and develop creative thinking and innovation skills in public and private organizations in order to promote the development of the country's society and economy, the Mongolian Ministry of Education, Culture, Science and Sports said in a statement.

In the week, a series of activities will be held in the Mongolian capital city of Ulan Bator, including an exhibition of innovative products, discussions about innovation and a contest to award innovative ideas and projects for business.

Since 2015, the Innovation Week has been annually organized in Mongolia.