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Tourism Bank to Help Startups
Economy, Sci & Tech

Tourism Bank to Help Startups

The privately-owned Tourism Bank has signed an agreement with the Presidential Office for Science and Technology to help create a startup accelerator In addition to launching the startup accelerator, the bank will offer loans to startups and knowledge-based firms, the website of the Vice Presidency for Science and Technology reported. Details about the amount and rates of loans are yet to be announced. Several private banks such as Shahr Bank (City Bank) and Bank Melli already have agreements with the government body to provide knowledge-based firms and startups with loans, venture capital and startup acceleration services.

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