As part of its strategic initiatives to enhance access to specialized financial services for innovation ecosystem stakeholders, a Memorandum of Understanding (MoU) was signed between the Iran National Venture Capital Association and Tourism Bank in February 2025.
The MoU aims to elevate mutual cooperation, leverage banking capacities to support innovative activities, and facilitate efficient financing for funds, companies, and members of the Association. Under this agreement, Tourism Bank has committed to offering a wide range of services to Association members, including deposit services, local and foreign currency loans, issuance of guarantees, letters of credit, foreign exchange services, and modern financing instruments. Members will also have facilitated access to the bank’s specialized services in leasing, insurance, and currency exchange.
Within this framework, both parties agreed on providing banking facilities for working capital and liquidity support for member companies, issuing special investment deposit certificates with competitive conditions, and utilizing instruments such as the “Promissory Credit Certificate (GAM)”. Additionally, the bank announced its readiness to act as an intermediary in disbursing Central Bank foreign currency loans in accordance with relevant regulations.
This MoU marks a significant step towards consolidating the financial activities of funds and affiliated institutions within a reliable and integrated banking platform. It is expected that, as a result, the financial operations of knowledge-based and innovative companies will be carried out with greater speed, transparency, and expert support.
The Iran National Venture Capital Association believes that engaging with capable banking institutions can play a vital role in facilitating investment activities in the technology sector. This partnership represents another step toward strengthening the financial infrastructure of innovation in the country. While offering general banking services, the core focus of this collaboration lies in designing and implementing tailored financial solutions that address the specific needs of innovative companies and the venture capital ecosystem.
Another key provision of this MoU is the inclusion of mechanisms for offering specialized facilities to the suppliers and clients of funds, through trilateral agreements. Furthermore, the bank will provide guarantees and foreign exchange services for importing technological equipment and raw materials required by member companies. These services are designed to support the supply chain of innovative firms and ease liquidity flows across the national innovation ecosystem.
This agreement also sets the stage for future cooperation between the Association and subsidiaries of Tourism Bank, including leasing, currency exchange, insurance companies, and other financial institutions in the money and capital markets. This initiative will allow Association members to benefit from an integrated suite of financial services and increase the effectiveness of financial support.
The signing of this MoU aligns with the Association’s mission to strengthen financial networks among funds, facilitate access to investment instruments, and enhance national-scale financing capacity. This collaboration may serve as a successful model for other financial institutions and banks seeking to support the development of technology and knowledge-based entrepreneurship in Iran.
For more information, to access the full text of the MoU, or to receive expert consultation on how to benefit from the services, please contact Dr. Navabpour (Member of the Research and Technology Funds Commission of the Iran National Venture Capital Association).
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