According to the public relations and information center of the Vice-Presidency for science and technology affairs, a cooperation agreement was signed between the Vice-Presidency for science and technology affairs and Keshavarzi Bank to develop knowledge-based products and services, which confirms the payment of facilities to technological and knowledge-based companies, especially in the area of agriculture and industry from bank sources or national development foundation sources according to the current regulations of bank. In addition, the capacity of executive instruction for section G of article 4 of government contract guarantees will be used after performing the necessary assessments by bank.

According to this report, payment of facilities to knowledge-based and technological companies in the section of industry and agriculture from bank or national development foundation sources based on the current regulations of bank, cooperation in the establishment and development of activities of venture capitals, use of potentials of guidance network of investment of Keshavarzi bank for improvement of knowledge and entrepreneurship skills in specialized financial areas and investment in agriculture section, application of capacities of applied studies in areas of creation and empowering of startups, financial technology, design of e-business models in the agriculture section and cooperation for establishing and empowering the system of collective financial supply in the agriculture bank were among the articles of the agreement.

In addition, cooperation in the establishment and development of venture capitals is another topic of the agreement. Moreover, the potentials of investment guiding network of Keshavarzi bank will be used to improve knowledge and skills of entrepreneurs in specialized financial and investment areas of agriculture.

  On the other hand, the capacities of applied studies will be exploited in areas of formation and empowering of startups, financial technologies (Fintech) and design of e-business model in the area of agriculture.

In addition, cooperation on the establishment and empowering of the crowd funding system in the Keshavarzi bank was another topic of the agreement.

Executive Method of Agreement

The cooperation higher council will be formed to monitor the implementation of the agreement in the presence of the high-ranking managers of the two parties of the agreement with the head of representative of the Vice-Presidency. Each party of the agreement has a maximum of two weeks after the signing of agreement to introduce its representative to the cooperation higher council.

According to this report, duration of cooperation was determined from the signing date to two years, which can be extended by the agreement of the two parties.