Mobarakeh Steel Venture Capital Fund and Novin Technologies Development Fund signed a memorandum of cooperation on the second day of the International Technology and Innovation Exhibition (INOTEX 2024).
According to Iran digital economy annotation, according to the news headquarters of Inotex 2024; Mobarakeh Steel Corporate Venture Fund as the country’s largest corporate venture fund and Novin technology development fund; The country’s largest research and technology fund signed a cooperation memorandum with Inotex on the second day.
This memorandum was signed by the managing directors of the two funds with the aim of using the facilities and capacities of the parties in order to invest in the field of technology and provide joint services to the knowledge-based ecosystem of the country.
Based on this memorandum, it was decided that Mobarakeh Steel Venture Investment Fund will invest more in the projects introduced and evaluated through the Novin Technologies Development Fund and under his leadership in the field of knowledge and technology of the country.
Also, introducing evaluated projects for joint investment, establishing the first PE fund in the field of knowledge-based and technology, providing a variety of financing services in the field of innovation, joint investment in Novin fund crowdfunding platforms and using mutual and synergistic capacities in the field Among the axes agreed upon by these two institutions, various issues have been mentioned in the memorandum.
Also, introducing evaluated projects for joint investment, establishing the first PE fund in the field of knowledge and technology, providing a variety of financing services in the field of innovation, joint investment in new fund crowdfunding platforms and using mutual and synergistic capacities in the field Among the axes agreed upon by these two institutions, various issues have been mentioned in the memorandum.
In this ceremony, Mohammad Sadegh Khayatian; CEO of Innovation and Prosperity Fund, Mehdi Saffarinia; Head of Pardis Technology Park, Yahya Palizdar; CEO of Mobarakeh Steel Venture Investment Fund, Seyed Roohallah Miramini; The CEO of the Novin Technologies Development Fund and a group of deputies of these funds were present.
According to this report, Isfahan Mobarake Steel Company’s risk investment research and technology fund with a registered capital of approximately 20 million dollors in March 2023, after the approval of the supervisors of the working group of research and technology funds by Mohammad Sadegh Khayatian; The head of the Innovation and Prosperity Fund and the secretary of the specialized working group have received this collection.
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