As a group of graduates in engineering, management, and economics, after nearly a decade of professional experience and facing the complexities of the relationship between technologists and industries, we started thinking about engineering and providing solutions to this problem in our country. During the research phase and by reviewing successful global experiences, the importance of effective activities by private technology transfer companies in completing the cycle of wealth creation from knowledge became more prominent.
As we entered the operational phase and established extensive connections with industries and technologists in the country, we realized the necessity of creating a precise understanding between industry, technology, and investors, and the need to develop sustainable collaboration models and design mutual benefits to reduce collaboration risks. Thus, Afra was established in 2018.
Initially, Afra’s focus was on technologists with high technological readiness levels who primarily faced challenges in accessing the market and connecting with industries to deliver their completed products. After conducting over 200 industrial visits in 10 provinces of the country and introducing numerous technologists to industries, we concluded that a significant issue for many technologists in the country was not only limited access to industry but also the incomplete process of technology development and remaining at the prototype stage (TRL 4).
By delving into the details of the technological development process and examining the business aspects of technology companies, we repeatedly observed that the main reason for the commercialization failure of a considerable portion of developed technologies in knowledge-based companies was the lack of financial resources, proper production capabilities at a large scale, and meeting industrial standards (TRL 9).
On the other hand, with the increasing number of investment institutions in the country and their interest in accepting the risk of partnering with committed technologists, we realized that one of the main barriers to successful collaboration between technologists and investors was the instrumental approach rather than a fundamental one in technology feasibility studies and the lack of sufficient specialized content to convince investors of a realistic future market for the technology. Based on this experience and after a year and a half, we shifted our focus on filling these gaps and formed the investment group in Afra.
we have arrived at the firm conviction that renewable energy represents the most promising and sustainable field for our company’s future growth and success. The world is at a critical juncture, facing pressing challenges such as climate change, depleting natural resources, and the need for a cleaner and more sustainable energy future. As an investment company committed to making a positive impact, we believe that embracing renewable energy is not only a sound financial decision but also a responsible and ethical choice.
Renewable energy sources, such as solar, wind, hydropower, and geothermal, have a significantly lower carbon footprint compared to fossil fuels. By investing in renewable energy projects, we can actively contribute to reducing greenhouse gas emissions and mitigating the adverse effects of climate change.
Governments worldwide are implementing favorable policies and regulations to accelerate the adoption of renewable energy. Subsidies, tax incentives, and mandates for renewable energy integration create a conducive environment for growth and attract private investment. By strategically aligning our investments with supportive regulatory frameworks, we can leverage these incentives to maximize our returns and prompromote sustainable development.
Our decision to prioritize renewable energy as our main field of activity is a testament to our forward-thinking approach and commitment to responsible investing. We wholeheartedly believe that this strategic shift will not only benefit our company and our investors but also contribute to a greener and more sustainable planet for future generations.
We invite you to join us on this exciting journey and participate in the tremendous opportunities presented by the renewable energy sector. Together, we can drive meaningful change and create a brighter, cleaner, and more prosperous future.