Golrang Ventures’ First Trust: Focusing on Knowledge-Based Concepts and the Knowledge-Based Production Leap Law
Golrang Ventures’ first event was held on October 30–31, 2022. Over two consecutive days, we welcomed more than 110 executives from Golrang Group’s subsidiary holdings, including food, detergents, cosmetics and personal care, Kourosh Investment, Middle East Investments Mahd, Pharmaceuticals, Arian Tadbir, Golrang System, and others, at Golrang Tower.
The event aimed to familiarize Golrang Group companies with the definitions, types, regulations, and evaluation criteria of knowledge-based enterprises, as well as the Knowledge-Based Production Leap Law and the opportunities it offers. It also sought to introduce participants to the Innovation Center and its activities, ultimately fostering effective connections.
The event began with Ms. Solmaz Sadeghnia, CEO of Golrang Ventures, introducing the company, the objectives behind its establishment, its expected functions, and its team.
Following this, several company CEOs shared their experiences with innovation initiatives and the outcomes they had achieved.
In the third part of the program, Mohammadreza Masoumi, Investment Manager at Golrang Ventures, explained the key concepts outlined in the Knowledge-Based Enterprises Law and highlighted its associated benefits.
The main support measures for knowledge-based enterprises include tax exemptions (exclusively for Type I companies); financial facilities (funded through the resources of the Innovation and Prosperity Fund, Research and Technology Funds, and banks); military service benefits (Placement in knowledge-based companies as an alternative to military service); tax credits (for Type I and Type II companies); insurance exemptions (exemption from the payment of insurance premiums on contracts); and establishment-related benefits (permission to operate from residential premises in Tehran and to obtain establishment permits and operating licenses).
Support measures under the law include Value Added Tax (VAT) exemptions under the Fourth Development Plan Law – Free Zones (Science and Technology Parks); simultaneous application of income tax exemptions under Articles 3 and 9 (for Science and Technology Parks, whether or not the companies are knowledge-based, and for knowledge-based companies, whether or not they are located within a park); exemptions from personnel salary income tax (for companies located in Science and Technology Parks); and exemptions from labor law provisions under the Fourth Development Plan Law – Free Zones (Science and Technology Parks).
The supporting and empowerment institutions fall into four categories: the Center for Knowledge-Based Companies and Institutions (Vice Presidency for Science and Technology), the Empowerment Center (Innovation and Prosperity Fund), the Center for International Science and Technology Cooperation (Vice Presidency for Science and Technology), and the Technology Export Development and Exchange Corridor. All these measures and the conditions for accessing each of them were explained in detail.
This was followed by a challenge centered on open innovation, drawing on the concepts and principles of gear mechanics and presented as an interactive group game. The game illustrated the contact stress between two gears and clearly demonstrated how, when all parameters except the gear radius remain constant, contact stress can cause gear teeth to fracture.
We considered the large gears as symbols of large groups and companies, and the small gears as symbols of startups and small companies. Due to high contact stress, large and small gears can cause damage and wear to one another.
