National budget bill allocates $92m for science and technology

February 6, 2023 - 23:20

TEHRAN -  The national budget bill for the next Iranian calendar year 1402, which starts on March 21, has earmarked about 37 trillion rials ($92 million) for science and technology.

The bill increased the budget by 35 percent compared to the current year’s budget, ISNA reported.

The vice presidency for science and technology was formed in 2006 with the aim of creating an environment for supporting knowledge-based companies and providing the ground for the development of technological industries.

A total of 8,034 knowledge-based companies have so far been established across the country.

President Ebrahim Raisi submitted the administration’s draft of the national budget bill for the next Iranian calendar year 1402, which starts on March 21, to the Majlis on January 11.

The proposed budget amounted to about 52.616 quadrillion rials (about $131 billion), with a 40 percent rise from the current year’s budget.

The president mentioned stable economic growth, people’s livelihood, observing justice, and efficiency of the government system as the main approaches of the budget bill and stated: “In this bill, the establishment of a progress and justice fund in all provinces is foreseen so that the development credits of the provinces are paid systematically.”

Support plans

Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei designated the current Iranian calendar year as the year of “Production: Knowledge-Based and Job-Creating.”

Over the past couple of years, the concept of ‘knowledge-based company’ has changed to ‘knowledge-based society’, meaning that supporting knowledge-based companies will lead to many social and economic advantages for the public.

The Leader reemphasized the importance of boosting domestic production, as he had done in past years, saying the reason he placed so much emphasis on production was “because it boosts economic growth, it creates employment, it reduces inflation, it increases per capita income and it improves public welfare.”

To this end, the Vice Presidency for Science and Technology has executed and supported several projects toward the goal of boosting knowledge-based production.

Moreover, the development of an innovation ecosystem is on the agenda, according to which 65 houses of innovation have been set up across the country.

The Innovation and Prosperity Fund has paid a total of 240 trillion rials (nearly $600 million) to support knowledge-based companies over the last [Iranian calendar] year (March 2021-March 2022).

Houses of innovation

The Vice Presidency for Science and Technology also supports the establishment of innovation houses in other countries to develop the export of knowledge-based products.

Exporting technological products of Iranian knowledge-based companies is one of the important and key programs of the vice presidency for science and technology, and in this regard over the past years, with the support of the Vice Presidency for Science and Technology, the Iranian houses of innovation have been set up in several countries to develop the global market for knowledge-based products.

These centers have already been set up in countries such as Russia, Turkey, China, Syria, Kenya, Armenia, and Iraq.

By supporting innovative ideas, and holding technological and innovative events, the centers will be a platform for the development and promotion of Iranian knowledge-based companies, startups, and creative industries.

The centers are mainly formed with the investment and support of the private sector to provide the necessary infrastructure for their exports through innovation houses.

In order to provide technological solutions to national challenges, a strategic technology development headquarters was formed and 362,000 technological projects and 154 commercialization projects were supported, in addition to the inauguration of 23 national mega projects.

Moreover, in the field of innovation and entrepreneurship ecosystem development, 65 creative houses and innovation centers, and 30 specialized accelerators have been established, as well as empowering and strengthening the export capacity of knowledge-based, creative, and technological companies.


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