Having been supported by the public sector and participated by the private sector based on the article 100 of the Islamic Republic of Iran Economic, Social and Cultural Development Third Plan Act and The article 45 of the IRI Economic, Social and Cultural Development Fourth Plan Act, The University of Tehran Research an Technology Fund is operationalized for the purpose of supporting knowledge-based economy, reinforcing domestic production, and supporting knowledge-based and technology companies according to the article 44 of the law for removing production barriers, competitive and improving the financial system of country.
Introduction to the fund
- Issuance of various types of guarantees, with facilitated condition for knowledge-based and technology company’s contracts.
- Provide various loans (working capital, Interest-free loans, leasing, purchase of liability, etc.) at preferential prices for knowledge-based and technology companies.
- Granting loan in the form of common resources (Financial brokerage of institutions)
- Participation and venture capital on knowledge-based and technology projects.
Granting facilities in the form of shared resources
In this plan, the entrepreneurial agencies dispose a part of their resources, dedicated to applicants and companies under their support, to the fund. This enables the resources to be disposed to the applicants in an optimized way and up to the credit limit. Through this model, the fund provides the cash contribution of the employer or an amount equaling several times of the resources according to the financial model to the applicants.
Venture Capital
Relying on its knowledge and experience, UTTECH FUND invests in knowledge-based an technology companies after a due diligence.
Introduction to the fund
Having been supported by the public sector and participated by the private sector based on the article 100 of the Islamic Republic of Iran economic, Social and Cultural Development Third Plan Act and The article 45 of the IRI Economic, Social and Cultural Development Fourth Plan Act, The University of Tehran Research Technology Fund is operationalized for the purpose of supporting knowledge-based economy, reinforcing domestic production and supporting knowledge-based and technology companies according to the article 44 of the law for removing production barriers, competitive an improving the financial system of the country
1.Issuance of various types of guarantees, with facilitated condition for knowledge-based and technology company’s contracts.
2.Provide various loans (working capital, Interest-free loans, leasing, purchase of liability, etc.) at preferential prices for knowledge-based and technology companies.
3.granting loan in the form of common resources (Financial brokerage of institutions).
4.Participation and venture capital on knowledge-based and technology projects.
Reasons for selecting the guarantees issued by the fund
- Facilitated and accelerated process of issuing guarantee.
- Considering the technical knowledge as the main part of company credit and for the purpose of improving and developing applicant’s credit limits.
- Issuing guarantees with a minimum amount of deposit and fee (50% discount)
- Guarantees for participating in bid and without paying deposit.
- Requiring the minimum collateral for issuing a guarantee (check to an amount equaling the applicant’s credit limit).
- Approved and accepted by state entrepreneurial agencies, organizations and entities.
Granting facilities
This fund has been assigned, amongst others, to provide and grant different facilities to knowledge-based and technology companies. The fund provides those facilities in the form of Islamic Exchange Contracts including reward facilities, sales on installment, leasing, hire purchase and etc. The fund could have, in line with meeting research and technology needs required by executive agencies, act as the financial aid granter where the government supported real and legal person.
Issuing various guarantees
Given the legal license conferred (the approved of board of ministers and executive bylaw for guaranteeing the public transactions), This fund is considered as the specialty fund in the field of issuing guarantees and has been issuing the guarantees needed for applicants with special conditions in short most possible time.
