Novin Technology Development Fund
Novin Technology Development Fund is a private joint-stock, non-governmental research and technology fund headquartered in Pardis Technology Park, Tehran Province. Founded in 2008, it provides guarantees, credit facilities, venture investment, financial-agency services and commercialization support to technology businesses. It is a significant financing and credit-enhancement counterparty for companies operating in the Pardis innovation ecosystem.
Market position
A long-established research and technology fund within the Pardis Technology Park innovation ecosystem, combining financing, guarantees and commercialization support for technology businesses.
Operations & footprint
Products and services
Novin Technology Development Fund provides specialized financing for technology-based and knowledge-based companies across multiple industries. Its services include working-capital and development facilities, research and technology project financing, issuance of performance, advance-payment, tender, payment, customs, and other guarantees, leasing and equipment finance, venture and equity investment, project and company evaluation, commercialization support, financial intermediation, and support for entrepreneurs seeking to scale applied research and technology. The fund also works with affiliated commercialization, crowdfunding, market-development, and business-support platforms within the Pardis Technology Park ecosystem.
Operations and assets
The fund operates from Pardis Technology Park and uses its service portal, including the Fino App, to administer financing and crowdfunding-related services. Its operating model combines direct financing and investment with guarantee issuance, project assessment and financial-agency mandates.
Geographic footprint
Pardis, Tehran Province, Iran.
Ownership & group structure
Ownership
As of 2024, registered capital was IRR 1.8 trillion. Principal shareholders included the Iranian Science and Technology Plan and Development Institute, Atiyeh Sazan Fanavaran Borna Co., Pardis Technology Park, Nokhbegan Technology Development Institute, Iran Kafa Entrepreneurship and Technology Company, and the Ministry of Science, Research and Technology.
Commercial and investment relevance
The fund is relevant for investors assessing Iran's research and technology fund system, innovation credit, guarantee instruments, equipment leasing, venture investment, commercialization finance, and the financing environment for companies located in or connected to Pardis Technology Park. Its long operating history and links to public technology institutions may improve access to deal flow, technical evaluation, government programs, banks, and co-financing structures. Due diligence should verify the current shareholder structure, registered and paid-in capital, guarantee capacity, contingent liabilities, facility and investment portfolio quality, non-performing exposures, investment holdings, valuation policy, security and collateral practices, guarantee-call history, related-party transactions, affiliated platforms, regulatory permissions, sanctions exposure, current management, and the distinction between activities conducted by the fund and its commercialization or crowdfunding affiliates. For technology companies, the fund offers an alternative to conventional bank finance through working-capital facilities, project funding and guarantee instruments. For suppliers and project sponsors, its guarantees can support tender participation, advance payments, performance obligations and customs requirements.
Constraints, risk & compliance
Key risks and constraints
Credit, guarantee-call and investment-portfolio performance are material to the fund’s financial position. Its activities are concentrated in technology ventures and the Pardis Technology Park ecosystem, linking performance to the quality of financed projects, collateral and commercialization outcomes.
Sanctions and compliance considerations
Foreign counterparties should assess applicable sanctions, banking-channel and export-control restrictions for transactions involving Iranian non-bank financial institutions and state-linked technology-sector participants.
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Frequently asked questions
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What does Novin Technology Development Fund provide?
It provides non-bank guarantees, working-capital and project facilities, venture investment, financial-agency services, crowdfunding tools, and technology-project evaluation and commercialization support.
Where is Novin Technology Development Fund based?
The fund is headquartered in Pardis Technology Park in Pardis, Tehran Province, Iran.
Is Novin Technology Development Fund publicly listed?
No. It operates as a private joint-stock, non-governmental research and technology fund.
When was Novin Technology Development Fund established?
It was established in February 2008.