Call for the development of technology and applications of artificial intelligence in the value chain of industry, mining and trade
The call for joint facilities of the Presidential Vice-President for Science, Technology and Knowledge-Based Economy and the Ministry of Industry, Mines and Trade was announced with the agency of the Saha Fund.
According to the Communication and Information Center of the Presidential Vice-President for Science, Technology and Knowledge-Based Economy, the purpose of this call is to identify capable knowledge-based companies, provide financing and facilitate the implementation of strategic technological projects, to enhance the synergy of technology and innovation ecosystem activists and all pillars of the country’s industry and mining.
The development of technology and applications of artificial intelligence, blockchain, big data and the Internet of Things in the value chains of industry, mining and trade with the aim of removing bottlenecks in key processes, promoting resilience and productivity and improving competitiveness are among the topics of this call.
It is worth noting that if there is a contract or a buyer for the final product, the project will be given priority.
The Vice-President for Science, Technology and Knowledge-Based Economy and the Ministry of Industry, Mines and Trade will provide the necessary support and facilities to the selected and qualified companies.
These supports include financing innovation in the form of loan facilities by the Fund for the Support of Research and Development of Advanced Industries (SAHA) based on the relevant statute and facilitating and removing administrative and operational obstacles to the project.
The maximum facility ceiling is 500 billion rials (based on the company’s financial validation and the technical and executive dimensions of the project), and the facility interest rate is determined by 8 to 17 percent based on the level of technology and the type of product application at the discretion of the deputy’s evaluation team.
The grace period for repayment of the facility will be 3 to 6 months at the discretion of the deputy’s evaluation team, and the repayment period for working capital facilities will be 12 months and for fixed capital facilities 24 months.
It is worth noting that if there is a contract or a buyer for the final product, the project will be given priority.
The deadline for submitting proposals is October 1, 1404, and interested parties can submit the required documents through the service system of the Deputy for Science, Technology and Knowledge-Based Economy (Cost Center: Knowledge-Based Economy Development Headquarters Management Center).
The documents required to participate in the call include a completed proposal form (according to the attached template), resumes of the executive team members and examples of related projects, an evaluable business plan report, presentation of a technical-economic model (BP), a project execution schedule (work breakdown structure, project phasing), and positive documents indicating the guarantee of purchase and use of the final product by the customer and the operator (if any).
Publication date: 1404/05/29