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Iran provides hefty sum in assistance to knowledge-based companies

Finance Materials 27 July 2021 14:59 (UTC +04:00)
Iran provides hefty sum in assistance to knowledge-based companies

TEHRAN, Iran, July 27

Trend:

Vice President for Science and Technology of Iran Sorena Sattari has announced that the government provided $5.9 billion worth of financial aid to the country's knowledge-based companies, Trend reports citing IRNA.

"There are no restrictions to provide financial assistance for knowledge-based companies via banks,” Sattari.

Sattari said that the fact of banks cooperating in supporting the knowledge-based companies is 'desirable and acceptable'.

“The development of technology in the provinces of the country was one of the most important plans and goals of the government,” he said.

He noted that Chaharmahal and Bakhtiari Province of Iran is one of the provinces that now has the right infrastructure to develop the science and technology field.

In particular, Sattari said that the knowledge-based companies of Chaharmahal and Bakhtiari Province will be receiving serious assistance and support from the state.

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