Tose’e Ta'avon Bank was praised for supporting knowledge- based companies and innovative activities

Mahmood Vaezi , Head of the Office of the President at the meeting of describing the role of banking system in the country's innovation financing system said: Importance of knowledge- based companies in the economy and service to society, has become even more apparent in recent months that the country has been envolved in the covid 19 epidemic disease.

He continued:The government has always insisted on supporting such activities. The emergence of the role of innovation in the form of startups and knowledge- based companies has provided more incentive to financially support these collections.

Sorena Sattari, Vice President for Science and Technology, Also in this meeting which was held virtually with the presence of CEOs of the country's banks said: In the past years, with the cooperation of knowledge- based companies and the support of the banking network, we have been able to provide more and wider services to the community.

according to the report, Tose’e Taavon Bank has also signed a memorandum of understanding with the Innovation and Prosperity Fund in order to support knowledge- based companies and innovative activities.

According to this memorandum, the applicants introduced to the bank have so far requested 759 billion Rials in facilities and guarantees. Of this amount, Up to 192 billion rials are in the checking queue, More than 190 billion rials are at the contract stage and 327 billion rials have also been paid.