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The Vice-Presidency for Science, Technology, and Knowledge-Based Economy has signed an agreement with Bank Refah to issue new financial instruments aimed at supporting large-scale, priority technology projects.
According to the Vice-Presidency, the initiative will introduce a special type of bank certificate called “Technology Development Bonds.” The goal is to create a modern financing tool that offers affordable and targeted funding for strategic technologies and major knowledge-based companies.
In its first phase, the bonds will be issued with a 20 trillion toman capacity, fully dedicated to the knowledge-based ecosystem. The agreement stresses maximum use of the banking network’s existing capabilities and a win-win approach to funding tech projects.
Funding for these bonds will come from both individuals and institutions, while banks will channel the raised capital into equity financing and working capital loans.
Bank Refah and the Vice-Presidency have committed to fully implementing this initiative. Their cooperation is aligned with national policies for expanding investment in technology, optimizing resources, and securing sustainable financing for high-priority innovation projects.
The Vice President for Science had first announced plans for these bonds in early June during a financing event for startups.
