IFP Exclusive

Iran’s Knowledge-Based Companies Withstanding US Sanctions: VP

Iranian Vice President for Science and Technology Sorena Sattari says the country’s knowledge-based companies and start-ups have already resisted the US sanctions, and his office will keep providing unwavering support for them in doing so.

During a visit to the city of Arak, Sattari said the Vice Presidency for Science and Technology will vigorously support the knowledge-based business and start-ups.

The vice president also noted that the plans to counter the foreign sanctions have proved successful after coordination with the local knowledge-based companies, which he said have capitalized on the capabilities of local forces and have manufactured indigenous products.

For a brief review of Iran’s achievements in various fields of science and technology, check the book “Science and Technology in Iran: A Brief Review – 2019

He further unveiled plans for offering a broad range of assistance to the knowledge-based enterprises, such as supplying raw materials for the pharmaceutical industry and animal husbandry, as well as veterinary and human vaccines.

The Vice Presidency for Science and Technology offers 140 various services for the knowledge-based companies and start-ups, Sattari added, citing customs duty and tax exemption, and low-interest loans.

According to Sattari, there are around 4,500 knowledge-based companies in Iran which have created 300,000 direct jobs alone.

In comments earlier this month, Sattari hailed the knowledge-based companies as the strong arm of the economy that contribute to Iran’s sustainable development.

IFP Editorial Staff

The IFP Editorial Staff is composed of dozens of skilled journalists, news-writers, and analysts whose works are edited and published by experienced editors specialized in Iran News. The editor of each IFP Service is responsible for the report published by the Iran Front Page (IFP) news website, and can be contacted through the ways mentioned in the "IFP Editorial Staff" section.

Recent Posts

Iranian shepherd soothes attacking bear

A video has gone viral in Iran showing a shepherd trying to calm down a…

2 hours ago

Iran’s Lake Urmia sees significant improvement amidst restoration efforts

An Iranian official reports that the shrinking Lake Urmia is in better condition than last…

5 hours ago

Four terrorists killed during clash with IRGC forces in Iran’s southeast

Iranian security forces have killed another four terrorists in the southeastern city of Rask in…

7 hours ago

Former Parliament chief: Iran should not tie affairs to Trump

The former speaker of the Iranian Parliament and a current member of the country's Expediency…

7 hours ago

IRGC chief commander: Resistance grandeur led to changes in US leadership

The commander-in-chief of Iran's Islamic Revolution Guard Corps (IRGC) says that the power of Palestinian…

8 hours ago

Iran signs key agreements during communications minister’s visit to Cuba, Venezuela

Iran’s Minister of Communications Sattar Hashemi has recently concluded a "productive" six-day trip to Cuba…

10 hours ago