Iran Press/ Iran news: These companies, which have seen their revenues increase by at least 20% annually over four years, starting from a base of $100,000, are now at the forefront of Iran's strategic economic plans.
The announcement came during the inaugural "National Program for the Development and Support of Knowledge-Based Gazelles," where Dehqani Firoozabadi outlined new measures under the leapfrogging law designed to accelerate innovation through tax incentives and regulatory exemptions. The law primarily targets sectors such as biotechnology, renewable energy, and information technology, providing a crucial lifeline to fledgling companies navigating Iran’s complex economic landscape.
During his keynote at the press conference, Dehqani Firoozabadi emphasized the transformative impact these knowledge-based companies have had across various industries.
The Vice Presidency for Science, Technology, and Knowledge-Based Economy Affairs has laid out a detailed framework for assessing and integrating these Gazelle into the national economy. Key indicators for this integration include technological innovation, export potential, and job creation. The program also aims to track the progress of these companies to ensure they maximize the benefits provided by the leapfrogging law, such as significant tax credits and streamlined business processes.
The support for knowledge-based gazelles comes at a critical time as Iran faces intense international sanctions that have stifled many parts of its economy. By focusing on sectors that can leverage domestic capabilities and intellectual property, Iran seeks to circumvent some of the barriers imposed by these sanctions.
The government has committed to an ongoing evaluation of this initiative, with plans to adjust policies as needed to foster an environment where knowledge-driven companies can thrive.
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