The Noafrin FBA market, along with two signs “knowledge-based” and “growth”, officially started its activity on December 28. On the first day, the shares of Ava Communication Industries Company with the symbol “Avak” were offered as the first company on the knowledge-based board.
According to Ideaagency, according to Mohammad Ali Shirazi, the CEO of IFB, so far 9 companies have been accepted in the knowledge-based panel and 11 companies in the growth panel, and 15 other companies are in the waiting list. Among the startup companies, names such as CafeBazaar, Yektanet and Myket can be seen in the acceptance list.
Emphasizing the goals of this market, Shirazi considered the financing of start-up businesses, increasing the transparency of the governance structure, branding and growth of companies as the most important missions of the innovative market.
He explained that the growth board is designed for companies with a minimum capital of $192,000 and a maximum of $9.5M and a clear perspective of profitability. On the other hand, in addition to the minimum capital of $192,000, the companies in the knowledge-based panel must obtain the necessary permission from the Vice President of Science and Technology.
With the aim of improving the financial and support structure, the innovative market is an important step in the development of innovative and knowledge-based companies.
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