According to the public relations and information center of the Vice-Presidency for science and technology affairs, Sorena Sattari, the vice president for science and technology affairs, stated on the first meeting of knowledge-based investment council meeting: with regard to the significant growth of knowledge-based companies, we need to provide the necessary infrastructures in the private sector for investment and pricing in this area.

He continued: pricing in the area of financial supply is a heavy job, which must be solved by providing the necessary infrastructures since significant culture building has been made in the knowledge-based area and many knowledge-based companies have been formed, which are faced with investment problems. 

Sattari pointed out: in case of establishment of needs assessment institutes, they will be able to price and accurately assess knowledge-based ideas and projects since there is still no accurate and proper scale for valuation of knowledge-based ideas and projects.

The vice president for science and technology affairs also talked about the accelerated growth of startups in the country, asserting: given the increased growing of startups, lack of proper investment has led to many problems for these startups. In addition, there is still no innovation and entrepreneurship ecosystem in the country.

Head of Iran national elites foundation reminded the participants of the meeting the return of elites to the country, conveying: most of those who have had successful startups are among those who have returned to Iran. While they had good incomes and benefits there, they came back to establish successful startups in Iran.

During the meeting, Sattari mentioned the formation of innovation and entrepreneurial ecosystem by the private sector, affirming: some of those who have established knowledge-based companies still use traditional and old business protocols. However, some of them are able to present significant ideas and projects, which can completely change the traditional business system. In this regard, some of the good examples are TAP30 and Alo Peyk.

He also explained about the current problems in the area of knowledge-based business, stating: ultimately, we will succeed and the same will happen in the banking area. In this regard, one of the successful projects has been the project of “easy paying”.

Sattari also emphasized: we need to involve various organizations in investment of knowledge-based area and entrance of the private sector and distance ourselves from loans and similar issues, solving the problem of investment in startups and knowledge-based companies with new ideas.