BMI to Set Up Innovation Center
BMI to Set Up Innovation Center

BMI to Set Up Innovation Center

BMI to Set Up Innovation Center

With the support of the Information and Communications Technology Committee affiliated with the vice presidency for science and technoogy, Iran’s biggest bank has clinched a deal with one of the nation’s top universities to establish a startup accelerator center.
Bank Melli Iran’s seed accelerator, which will be based on an agreement reached with Sharif University of Technology, is aimed at attracting young talent with the aim of supporting innovation and offering better banking and fintech services among other things.
The agreement was signed in a meeting attended by Vice President for Science and Technology Sorena Sattari and BMI CEO Mohammad Reza Hosseinzadeh and Sharif University’s representative, Dolat.ir reported.
The three parties also reached another agreement to “employ technologies of storing and processing data with high performance” that will allow BMI to enjoy better data processing power.
The vice presidential office is tasked with providing technical, bureaucratic and information support to “back the commercialization and marketing of activities undertaken by the startups covered by the center”.
Bank Melli Iran will provide further technical support, apart from coming up with the financial resources. After evaluating firms and their products, the lender will employ them in the center and prepare the grounds for their success.
Sharif University will provide the infrastructure and regularly draft performance reports, in addition to holding entrepreneurial events and conferences to support and develop young minds and their innovations in financial technology.


Short URL : https://goo.gl/7NRDPk
  1. https://goo.gl/LeLA74
  • https://goo.gl/sWdNJJ
  • https://goo.gl/NMFYeD
  • https://goo.gl/DZS9Uf
  • https://goo.gl/ovguda

You can also read ...

Iran-Afghanistan Trade Corridors to Bear Fruit for Both India, China
A strategic deployment of trade corridors is taking shape...
EIB Casts Doubt on European Plan to Salvage Nuclear Deal
The European Investment Bank’s global operations would be put...
India Says Iran Economic Ties Not Affected by US Sanctions
Less than three weeks before the first wave of US sanctions...
MTN Halts Iran Fiber Optic Investment
South Africa’s MTN has halted collaborations with Iranian...
Think Tank Recommends Ways of Overcoming JCPOA Challenges Facing EU
European efforts to keep Iran in the nuclear deal (formally...
Majlis Think Tank Calls for  Regulating Cryptocurrency
The research arm of Iran's Parliament has conducted a study on...
Stocks Bow to Systematic Risks
Systematic risks have caught up with the Iranian stock markets...
Warning to Banks Withholding Customer Data
The Iranian National Tax Administration’s special prosecutor...

Add new comment

Read our comment policy before posting your viewpoints