IDRO Announces Its Support From Innovative Platforms in National Industries

Deputy Minister of Industry, Mine and Trade and Head of Industrial Development and Renovation Organization of Iran (IDRO) in a brainstorming meeting with the knowledge-based companies announced the support of IDRO in deployment of innovative platforms aimed improving technical knowhow and capability for competitiveness of the national production.

In the meeting, Ali Nabavi termed developmental organizations as one of the effective pillars in the law of leap in knowledge-based production, and stipulated that according to this law, developmental organizations like IDRO are allowed to invest in the technological plans either directly via the capital market or indirectly via innovation funds with observing laws and related regulations in the framework of the Article 44 of the Constitutions.

He then said that access to the focal role in balanced development, innovation of the national industries, developing capital investments and organization in the industrial enterprises, accelerating development of the advanced and leading industries are of the macro goals of IDRO, and added that IDRO can take action for operationalization of these goals by using the capabilities of the innovative and knowledge-based companies.
Nabavi also said that launch of research and risk-taking fund is of the other programs of the organization which is in the pipeline and it can provide required incentives and motivations for materializing improvement of knowledge-based product.
He then pointed to the developmental nature and actions taken by the organization so far in the field of the advanced industries, adding that existence of the crippling laws and regulations regarding the investment have caused investment in this field to be almost restricted and this will lead to sluggishness in the knowledge-based industry development.
Nabavi pointed to the fast developments in the field of the advanced industries and said that investment on the advanced industries should have very agile mechanisms and be carried out very fast but the obligatory trends on course of investment of IDRO are time-consuming, expressing hope that with support and special attention of the ruling organs, the organization can ease the trend of investment in the advanced industries.
He reiterated that IDRO through its international reputation and great experience can help the development of the exports by the knowledge-based companies.