In a groundbreaking move, Iran has identified and recognized a select group of companies, known as knowledge-based gazelles, that have experienced significant revenue growth of at least 20% annually over the past four years. These companies, starting from a base of $100,000, are now integral to Iran’s strategic economic development plans.
This announcement was made during the launch of the “National Program for the Development and Support of Knowledge-Based Gazelles,” where new measures under the leapfrogging law were unveiled to boost innovation through tax incentives and regulatory exemptions. Sectors such as biotechnology, renewable energy, and information technology are the primary beneficiaries, ensuring that these fledgling companies can navigate Iran’s complex economic landscape.
The Vice Presidency for Science, Technology, and Knowledge-Based Economy Affairs has outlined a comprehensive framework for integrating these gazelles into the national economy, focusing on indicators like technological innovation, export potential, and job creation. The program aims to monitor and support these companies to fully utilize the benefits offered by the leapfrogging law, including tax credits and streamlined business operations.
This support for knowledge-based gazelles is crucial as Iran grapples with international sanctions, aiming to foster growth in sectors leveraging domestic capabilities and intellectual property. The government is committed to evaluating and adjusting the initiative to create an environment where knowledge-driven companies can flourish.
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