Noafar Innovation Fund Simplifies Guarantee Issuance for Technology and ICT Firms

According to the Economic Desk of Webangah News Agency, the Noafar Research and Technology Fund is actively supporting the development of technology-driven enterprises by simplifying the issuance of guarantees for companies operating in the Information and Communications Technology (ICT) domain. This initiative is designed to ease the entry of these firms into large-scale projects and contractual execution.

The range of guarantees now available from the Fund covers several crucial financial instruments necessary for business operations. These include guarantees for participation in tenders and auctions, performance guarantees, advance payment guarantees, guarantees for the return of retention money deposits, and payment commitment guarantees.

Citing information released by the Public Relations office of the Noafar Fund, the support is specifically targeted toward knowledge-based companies, innovative technology enterprises, and firms situated within science and technology parks and growth centers. Eligible sectors encompass information technology, communications, software, hardware, smart automation, and digital services.

Companies wishing to access these financial support mechanisms are directed to the official Noafar Fund website at www.noafarinfund.ir. Applicants should navigate to the ‘Guarantee’ section to review the terms and conditions before formally submitting their application request.