Technovation Helps Build Thriving Startups in Iran

Since its inception three years ago, Innovation Acceleration Center (Technovation) based in the Pardis Technology Park has supported 200 startups, out of which 118 have matured into relatively successful firms.
According to Technovation's director, using one of "the most economical methods", the center has managed to play a key role in creation of jobs, Mehr News Agency reported.
Ali Hezaveh says, "So far, 200 startup teams have been formed with the accelerator's support, leading to the development of 118 [relatively successful] firms, creating jobs for 500 people."
He is of the opinion that job creation by supporting startups and through expansion of startup accelerators is much more economical compared to old-school methods of state-backed support systems.
Furthermore, Technovation has sponsored 209 entrepreneurship events, in which a total number of 17,000 people have participated. According to Hezaveh, the events were held in 28 provinces, covering more than 50 cities.