According to the public relations report of the Innovation and Prosperity Fund, two support packages “Guarantor” and “1000 Technologies” of the “Knowledge-Based Production Leap” program of the Innovation and Prosperity Fund were published on the fund’s website at inif.ir.
According to Iran digital economy annotation, the purpose of implementing the “Guarantor” support package is to facilitate the financing of knowledge-based companies through the capital market and to strengthen their effectiveness in the development of the knowledge-based economy; Therefore, Innovation and Prosperity Fund supports the issuance of sukuk bonds in the capital market by knowledge-based companies.
Knowledge-based companies that meet the specified conditions, including total sales of more than approximately 95 million dollors in 2023 and having a specific operational plan for an average annual growth of at least 10% in the production of knowledge-based products/services, can benefit from the facilities of this program.
To guarantee the issuance of sukuk bonds, knowledge-based companies can benefit from the “credit guarantee” of the Innovation and Prosperity Fund, equivalent to 50% of the principal and sub-bonds, up to almost 57 million dollors.
Support for becoming a “technologist” of 1000 knowledge-based “New” companies.
The “1000 Technologies” support package is also implemented with the aim of converting 1,000 new knowledge-based companies to “Technologies”. New knowledge-based companies that meet the specified conditions, including total sales of less than almost 95 thousand dollors in 2023, a specific action plan to increase sales of knowledge-based products/services, increase the number of insured human resources to more than 10 people by the end of 2024, can Benefit from the facilities of this program.
The interest-free facility of the “1000 Technologies” package is intended to cover the current costs of production (working capital) for the business development of “New” knowledge-based companies and to help transform them into “Technologies” knowledge-based companies.
This facility will be paid to knowledge-based companies in one go, without breathing and with a maximum repayment period of 48 months up to almost 57 thousand dollors, with the introduction of the Innovation and Prosperity Fund and by the operating banks.
It should be noted that the Innovation and Prosperity Fund’s knowledge-based production jump program in line with the slogan of 1403 (production jump with people’s participation) started last week with the unveiling of the “Jehash” support package, and knowledge-based companies can apply for facilities up to approximately 2 million dollors to the fund. Provide innovation and prosperity (through the Ghazal system).
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