Golrang CVC Fund, as the country’s largest venture capital fund, started operating with a registered capital of ten thousand billion Rials (about 16 million dollars).
According to Iran digital economy annotation, Corporate venture capital funds are created with the participation of large companies and aim to attract technologies and invest in innovative products and operate only in the field of venture capital.
So far, 18 CVC fund establishment licenses have been granted with a total capital of 3.8 hemats, and Golrang CVC fund is the 8th corporate venture research and technology fund that has succeeded in obtaining an operating license.
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