In recent months, restrictions on accepting guarantees issued by Research and Technology Funds in crowdfunding platforms created significant challenges for platforms and innovative businesses seeking capital. These limitations effectively hindered many startups and knowledge-based companies from accessing this important financial instrument.
In response, the Financing Commission and the Board of Directors of the Iranian Venture Capital Association initiated follow-up actions through discussions with governmental financial institutions. Despite multiple efforts and extensive correspondence, the expected outcomes were not achieved. However, Iran Fara Bourse (IFB) emerged as the only regulatory body that acted effectively and constructively, enabling the necessary amendments to the regulations.
Thanks to the positive engagement and collaborative approach of IFB, the required amendments to the crowdfunding guarantee framework have now been implemented. The role of guarantees issued by Research and Technology Funds has been clearly defined and fully clarified within this updated framework. This development facilitates financing for innovative and knowledge-based businesses while enhancing the efficiency of the crowdfunding market.
The Iranian Venture Capital Association expresses its appreciation for the cooperation of Iran Fara Bourse and specifically acknowledges their proactive engagement in revising and clarifying the crowdfunding guarantee regulations. This experience demonstrates that collaboration among regulatory bodies can produce tangible benefits for market participants and provide effective solutions to sectoral challenges.
For the full text of the IFB notification and detailed information on the amendments, [click here to download].
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