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Iran National Innovation Fund to grant support package for businesses

Business Materials 13 August 2021 15:14 (UTC +04:00)
Iran National Innovation Fund to grant support package for businesses

TEHRAN, Iran, Aug. 13

Trend:

Iran National Innovation Fund (INIF) offered 6 types of support packages to export-oriented knowledge-based products, Siavash Malekifar, chief development officer of INIF said.

Providing empowerment services to knowledge-based companies for export development and supporting companies to participate in foreign exhibitions are among Iran National Innovation Fund (INIF) support packages, Siavash Malekifar said, Trend reports citing Mehr News Agency.

"One of the services of the INIF is sending and receiving business delegations. The INIF supports the presence of foreign customers in the country who intend to purchase Iranian knowledge-based products,” he noted.

About 90 percent of the expenses up to an annual ceiling of $14,000 will be paid gratuitously by the INIF for each knowledge-based company to accept foreign delegation.

In 2019, the Fund spent more than $238,000, and in 2020, $714,000 to attract potential foreign customers for knowledge-based companies.

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