Financing and Investing
Development of knowledge-based economy in five prioritized fields, including the strengthening of the supplier, motivating the demander, facilitating the interaction between supplier and demander, financing research and innovation, attracting investments, and issues related to political intelligence are followed up by the Vice-Presidency for science and technology affairs. To date, financing science and technology has been overlooked for many reasons. However, the seriousness of the government for empowering knowledge-based companies has led the Vice-Presidency to lay the foundation for financing and investing through the government and private sectors in addition to its direct support. Therefore, the measures presented below have been defined and are being implemented.
1. Empowering the Iran national innovation fund, which was established after the approval of the law for support of knowledge-based companies, has been financed by the supported of the Vice-Presidency and is now recognized as a considerable financial resource for support of knowledge-based companies. According to the approval of the board of trustees of the national development fund, the financial resources of this fund have been allocated to brokerage of banks in order to be assigned to innovative and knowledge-based activities through banks with special conditions and the introduction of the Vice-Presidency.
2. Collective financing, especially by using the donation capacity, is another new and efficient financing method that has been greatly welcomed.
3. The intellectual property market has been established in line with the Clause D of Article 17 of the Fifth Development Program and based on the financial support for creating and developing idea stock exchange and technology market to facilitate attracting investment for technological projects.
4. By follow-ups in the deputy for management development and resources with the cooperation of the stock exchange market, document registration organization, Fara Bourse Co. and Pardis Technology Park, capital attraction for knowledge-based and technological ideas and establishment of a place for supply, purchase and selling of security based on intellectual property have been put on the agenda.
5. Contracts have been concluded with the stock exchange market to promote investment in knowledge-based economy through familiarizing the investors of the private sector with this area, which has led to the establishment and strengthening of venture capitals. These funds are designed to help finance and grow companies that are at risk in their life cycle. Along with managerial contributions, venture capitals provide assets to small and newly developed companies and are considered as important financing resources for these enterprises.
6. Venture capitals have been established by the efforts made by the Vice-Presidency with the agreement of the stock exchange market in order to finance companies in high-risk technological fields.
7. Other financing methods include project funds, land and construction funds, and Susuk, and other funds are being established and added to the basket of science and technology financing according to plans.
8. Some of the measures taken by this office in the sector of warranties include granting the license for issuance of warranties to the research and technology funds based on executive regulation of Clause K of Article 4 of regulations of warranties, issuing different types of prepaid warranties, participating in tenders, and committing to pay.
9. Drafting guidelines and regulations for the advisory council to the Supreme Council of the Exchange, defining support packages for projects and inventions of knowledge-based companies, designing domestic projects for venture capital, participating in the design of research and technology budgets at the macro level are among the policies and approaches of the office in line with the support of science and technology financing and investing.