Iran approves 4,200 billion tomans in facilities for knowledge-based companies

The Vice President for Science, Technology, and Knowledge-Based Economy, Hossein Afshin, met with innovation ecosystem stakeholders to review the progress of the ‘Hamafza’ scheme. Under this initiative, more than 4,200 billion tomans in working capital facilities have been approved and are currently being disbursed to knowledge-based companies.

The scheme aims to create synergy between knowledge-based firms, value chains, and financing institutions to establish a sustainable model for working capital and strengthen technological production capabilities. During the meeting, officials emphasized the need to accelerate executive processes, remove obstacles for applicants, and improve coordination between banks, the Innovation and Prosperity Fund, and participating companies.