Finalization of a tripartite memorandum to strengthen the financing of the country's innovation ecosystem.
The operational plan of the joint action between the Vice President of Science, Technology and Knowledge-based Economy, the National Organization for Taxation and the Fund for Innovation and Prosperity was signed with the aim of strengthening the innovation financing system, developing investments in the knowledge economy and increasing the financial resources of the Fund for Innovation and Prosperity.
This plan details the mechanism for allocating the tax credit to companies participating in the capital increase of the Innovation and Prosperity Fund, citing Section 99(b) of the Seventh Five-Year Development Plan Law and within the implementing regulations of Section 11(i) of the Knowledge-Based Production Leap Law.
This agreement was signed by Hossein Afshin, the vice president for science, technology and knowledge-based economy, Seyed Mohammadadi Sobanian, deputy minister of economy and finance and head of the country's tax affairs organization, and Asghar Nooralhazadeh, chairman of the board of directors and the Innovation Fund Proportions.
Read the full text in the government database.