Naseri: One Hemmat in Facilities to Be Allocated to Creative Companies

Isfahan – The Deputy for Facilities and Commercialization at the Vice Presidency for Science and Technology announced the allocation of one hemmat (10 billion rials) in facilities to support creative companies.

Isfahan - The vice president's scientific vice president for facilities and commercialization announced the allocation of a facility to support creative companies.

According to Mehr reporter, Siamak Naseri said at noon on Thursday at the closing ceremony of the first Manvin creative industries national event in Isfahan, which was organized by the Presidential Vice President for Science, Technology and Knowledge-Based Economy, that in line with the President's emphasis on supporting the development of creative industries and with the follow-ups of the Presidential Scientific Vice President, it has been decided to allocate a lot of facilities to support creative companies.

Explaining the details of this support program, he added: 500 billion tomans will be allocated to creative companies in the form of a line of credit through provincial funds, creative funds, and the culture and art fund, and another 500 billion tomans will be tracked through the Innovation and Prosperity Fund and by registering an application in the Ghazal system of this fund.

The vice president of facilities and commercialization of the vice president's science, technology and knowledge-based economy, referring to the increase in the ceiling of facilities payable to creative companies, clarified: the facilities of this program are provided up to 10 billion tomans for each company, and companies that need more than this amount of credit can register their request in the Ghazal system of the Innovation and Prosperity Fund, so that the requests will be reviewed and approved.

Emphasizing the acceleration of creative companies' access to financial resources, Naseri said: the review and approval process of this facility will be one month, and the planned support program will continue for one year.

He continued: In next year's Manvin event, the report on the performance and output of the allocated facilities and the approvals of this support program will be presented.

The Vice President of Facilities and Commercialization of the Vice President for Science, Technology and Knowledge-Based Economy continued, referring to the history of the Innovation and Prosperity Fund's support for creative companies, and said: Previously, a basic facility of one billion Tomans was considered for these companies, which was paid in two stages, and its breathing period was six months and its repayment period was 18 months.

He added: The new program provides a new way to finance creative companies by allocating a loan amount and increasing the facility ceiling to 10 billion tomans. The path that is supposed to provide the possibility of evaluating the results of support by reviewing requests, approving facilities and annual reporting.