The soft and identity-making technologies development headquarter signed a new memorandum of understanding with a fund active in the innovation ecosystem to increase diversity in the financial package of creative companies.

According to the agreement signed in this area, leasing products and services of creative industries is done by providing facilities to buyers of products and services up to three billion rials.

In addition, according to this memorandum, working capital and investment in various projects will be facilitated by attracting civic participation.

Cooperation in identifying and using new financial instruments and cooperation to attend events are among the other provisions agreed in this memorandum.

The two sides also agreed to further cooperate in developing financial support for the establishment of a Cinema Innovation Center.

Sepehr Research and Technology Fund is also introduced as a new basis for identifying creative companies, and this institution can identify companies capable of working in the field of creative industries in accordance with laws and regulations.

Collaborating on attracting other investors to create joint ventures to fund creative companies was another issue that the two institutions agreed on.

According to the cooperation document, the two sides will work together in all areas of finance to increase funding for creative companies.

A report by the public relations and information center of the Vice-Presidency for science and technology affairs