First PE to Help Nurture Knowledge-Based Firms

The first private equity (PE) fund focusing on knowledge-based companies has been established through a memorandum of understanding (MoU) signed at the Financial Industry Exhibition (FINEX) underway in Tehran.

The primary goal of the fund is to foster the growth of the knowledge-based economy by attracting public capital, revitalizing semi-active or inactive tech firms through empowerment, value creation and listing on the capital market, IBENA reported.

The MoU was signed by the Innovation and Technology Development Fund, with Roshd Khahan Javan Investment Company as operator, Pishgaman Yazd Farda Company, and Atieh Rafah Hamkaran Mehr Iranians Institute.