Noafarind Fund Expands Financial Guarantees to Bolster ICT Sector Participation in National Projects
According to the Economic Desk of Webangah News Agency, in a strategic move to support the growth of knowledge-based businesses and ease the participation of ICT companies in significant national and industrial initiatives, the Noafarind Research and Technology Fund is now issuing various types of financial guarantees specifically for technology-driven and innovative firms in this sector.
Financial guarantees are crucial instruments for enhancing corporate credibility when engaging with executive bodies, organizations, and employers, thereby enabling technology companies to secure more active roles in major tenders, contracting agreements, and large-scale projects. To address financial barriers and simplify access to these essential guarantees, the Noafarind Fund has tailored a set of services for ICT sector operators.
The range of available guarantees includes bid and auction bonds, performance bonds, advance payment guarantees, retention money release guarantees, and payment commitment guarantees. These offerings empower participating companies to leverage robust financial backing, enabling them to compete effectively in both government and private sector projects and significantly boost their competitive edge in the digital services and technology market.
These support mechanisms are particularly vital for firms operating in the fields of information technology, communications, software, hardware, smart systems integration, digital services, and technology infrastructure development. These areas are recognized as central to the nation’s digital transformation, the advancement of the knowledge-based economy, and improving productivity across various industrial and service sectors.
Citing the Vice Presidency for Science and Technology, all knowledge-based companies, technology innovators, and entities situated within science and technology parks and growth centers operating in the ICT domain are encouraged to utilize these services. Applicants should visit the official website of the Noafarind Fund at www.noafarinfund.ir, navigate to the ‘Guarantee’ section to review the associated terms and conditions, and formally submit their requests to initiate the review process.
For further details regarding the conditions for receiving guarantees, necessary documentation, and application procedures, interested parties can contact the fund directly at 02162999352.
The development of financing and credit guarantee tools for technology enterprises is a key component of supporting the national innovation ecosystem. The provision of these services is expected to pave the way for wider involvement of knowledge-based companies in national endeavors and stimulate technology market expansion.
