TEHRAN – The vice presidency for science and technology provides non-repayable loans to knowledge-based companies, Mehr reported on Wednesday.

The financial facilities are allocated to industrial designs, design, and manufacture of demo and accounting.

The industrial design includes quality, agronomy, graphic design and packaging, which have a great influence in marketing.

Accounting, financial statements, and tax return are important factors in a company.

The loans are allocated to the companies with less than 50 billion rials (about $1 million) revenue per year.

The vice presidency affords 50 percent of expenses for design and manufacture of demo to 100 million rials (about $2,000), 50 percent of expenses for industrial design to 150 million rials (about $3,000) and cover 50 percent of accounting up to 50 million rials (about $1,000) in first fiscal years and 40 percent of accounting expenses up to 40 million rials (about $100) in second fiscal year.

SB/MQ/MG