Innovation ecosystem to receive $1.4 billion

INSUBCONTINENT EXCLUSIVE:
country.Four organizations of the Innovation and Prosperity Fund, the Vice Presidency for Science and Technology, the Association of Private
Banks and Credit Institutions, and the Coordinating Council of State and Semi-State Banks, signed a memorandum of understanding to develop a
knowledge-based economy and innovation and technology financing fields.In line with the implementation of Article 18 of the Knowledge-Based
as the most reliable bank customers, because they have not been late in paying their installments.Over the past year, in order to realize a
resilient and knowledge-based economy, the Vice Presidency for Science and Technology has implemented a series of activities to further
develop the ecosystem of innovation and technology in the country.The Vice Presidency for Science and Technology was founded in 2006 as one
of the sub-sets of the government with the slogan of moving from an oil-based economy to a knowledge-based one, aiming at increasing
knowledge-based and 1,600 creative companies have so far been registered and started operations.The fields of biotechnology, agriculture,
food industries, chemical technologies aircraft maintenance, steel, gas, pharmaceuticals, medical equipment and medicine, oil, electronics
and telecommunications, information technology, and computer software are among the sectors that researchers in technology companies are
working in.Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei designated the current Iranian year (March 2022-March 2023) as
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 with the aim of empowering and