Iran Law of Supporting Knowledge-Based Firms and Commercialization

In: Business and Management

Submitted By aliho
Words 2607
Pages 11
The law of Supporting Knowledge-Based firms and Commercialization

The present report tries to provide a summary of the mentioned law. The law was approved by parliament in November 2010. Important events related to knowledge-based firms law are summarized as table below: Activity | Date | Preparing the bill of law in vice presidency for science and technology | January, 2008 | Approval of the law in parliament | November, 2010 | Approval of the "Implementing Regulations" by the government | November , 2012 | Launch of qualification system of knowledge-based firms and enrolling applicants | March, 2013 | Announcement of tax exemption of firms located in the science and technology parks by Iranian National Tax Administration(ITNA) | August, 2013 | Approval of the first list of verified knowledge-based firms | September, 2013 | Approval of second edition of evaluation guideline and criteria of knowledge-based firms that recognizaed industrial companies with knowledge-based activities as potential applicants for the law | March, 2014 | The first financial facilities provided for knowledge-based companies by Innovation and Prosperity Fund (IPF) | June, 2014 | Approval of detailed methodology of customs exemption | October, 2014 | Implementing knowledge-based products leasing program by IPF | February, 2015 | Implementing program for support and development of of knowledge-based products and services export | May, 2015 |

Article 1. The law define knowledge-based firms as private or cooperative enterprises that aimed to make a synergy between science and wealth, help to growth of knowledge based economy, meeting scientific and economic goals and a mean for facilitation of commercialization of research and development results (including design and production of goods and services) in the high-tech areas with considerable added-value.…...

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