Tehran, Iran, Sept.12
Trend:
Iran's Innovation and Prosperity Fund is supporting knowledge based companies, Deputy Head of the Fund Rohollah Zolfaghari told Trend.
"We have considered different options; one is providing loans and advances to these companies, and the second is providing Letter of Credit (LC) for the companies so that they can attend tenders," he said.
"Another plan is to offer free assistance and services to the knowledge based companies in order to boost the management, while investments in the ventures of this sector is another step to be taken by the fund ," he added.
"Special services are planned for knowledge based companies that export their products. All these measures are aimed at support to the companies that attend international events and exhibitions with trade delegations or host foreign delegates, and the fund will set up international standards in this regards," he indicated.
In his words, the fund will also provide necessary guarantees to these companies, so their ties with banking network will expand creating the possibility of bank advances. The companies needs for exports and domestic or foreign trade will be covered.
"In investment guarantee, the fund will accept the risks of investing in ventures and help to attract investments for knowledge based companies," he added.
"The Innovation and Prosperity Fund can invest in innovative technology up to four times more than others, thus helping the knowledge based companies," he noted.