Fund for risk-taking investment cooperatives will be established – Mehr news agency Iran and world’s news
According to Mehr News Agency, citing the Ministry of Cooperatives, Labor and Social Welfare, Jafar Amirabadizadeh, Director General of the Cooperative Economy Investment Development Office, announced the establishment of risk-taking investment cooperatives and said: with the aim of facilitating the process of providing capital, guaranteeing knowledge-based businesses, guaranteeing loans And the investments, obligations, claims and transactions of cooperative companies and joint stock cooperative companies and the guarantee of cooperative products that are prone to jump and growth, this type of cooperative was designed and formulated.
He added: Venture investment cooperatives according to the capacity of cooperative companies and unions and with the financial and service assistance of their supporting institutions with the aim of helping the plans of cooperatives and attracting knowledge-based businesses in the context of cooperatives using two models of venture capital funds (VC). and the Corporate Risk Investment Research and Technology Fund (CVC) are established.
Amirabadizadeh, among other goals of this memorandum, is to develop cooperatives and guarantee their products, services and transactions from the allocated credit line of the Cooperative Development Bank, provide technology commercialization services to knowledge-based cooperative companies, including consulting and educational services, obtaining the required standards and certificates. To enter domestic and foreign markets, marketing, brandingpreparation of explanatory plans, validation of knowledge-based and supply cooperative companies guarantee What is needed for them is the design of new financial and support tools in the field of technology commercialization in accordance with the needs of knowledge-based cooperative companies, assistance in obtaining a license and the establishment of a venture capital fund cooperative with financial support.
The Director General of the Cooperative Economy Investment Development Office said: The most important obligations of the Deputy of Cooperative Affairs in the framework of this joint cooperation are to prepare the implementation method and legal review of the establishment of cooperatives with growth potential, to introduce large cooperatives and unions capable of guaranteeing them and investing, to cooperate with relevant institutions in the Ministry of Cooperatives. , work and social welfare to facilitate the issuance of licenses and simplify the fund formation process, holding and organizing workshops, seminars and educational programs to increase awareness and understanding of venture capital financing and its benefits among cooperative institutions.
Alborz Mohammadi, CEO of the Cooperative Investment Guarantee Fund, also pointed to the details of this cooperation and said: The most important obligations of the Cooperative Investment Guarantee Fund in the form of this cooperation are to guarantee the transactions of cooperatives with a suitable target market, in case of qualification, in order to develop their activities and increase their market share, providing a part of The initial capital of the risk-taking investment fund, providing opportunities for the development of investment in the cooperative sector by providing various types of credit and non-credit guarantees, helping to prepare the implementation method and legal review of the establishment of the risk-taking investment cooperative, participating in the technical, economic and financial evaluation of the projects introduced to the fund. It will be risky and issuing guarantees for the facilities received from the bank in order to provide the initial capital of the risky investment cooperative and projects with risky facilities.