The Bank of Industry and Mine and the prestigious Amir Kabir University of Technology signed an agreement on Monday to help market innovative ideas. BIM is set to establish a specialized advisory task group to help entrepreneurs conduct market research and develop their business, IRNA reported. Ahmad Motamedi, chancellor of Amir Kabir University, called on all banks to build collaboration with universities because the “private sector is not strong enough to invest in knowledge-based ideas.” Ali Ashraf Afkhami, the BIM chief said, “Unlike in Iran, investment in risky businesses is common across the world.” The two agreed to establish mutual funds with key organizations to attract resources for promoting knowledge-based companies.
