88137
Venture Capital Funds Essential to Startup Growth
Venture Capital Funds Essential to Startup Growth
Monday, June 18, 2018

Venture Capital Funds Essential to Startup Growth

Monday, June 18, 2018

Venture Capital Funds Essential to Startup Growth

Praising venture capital funds, Iran's Vice President for Science and Technology believes that old-school means of financing are of no use to startups, as the creative and dynamic nature of such firms requires equally innovative funding methods. 
"Providing financial support for startups and knowledge-based firms is a vital component of the entrepreneurship ecosystem," Sorena Sattari was quoted as saying by CITNA. 
He noted that bank loans do more harm than good to burgeoning startups, adding that other sources of finance namely venture capital funds should be used to help expand the startup ecosystem. 
Nonetheless, he acknowledged the constructive role of bank loans in development of large knowledge-based firms capable of paying back their debts in a timely manner.
 

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Short URL : https://goo.gl/j1bmnA
06/18/2018
  1. https://goo.gl/73XVjE
  • https://goo.gl/QwNbcs
  • https://goo.gl/FPpAJ4
  • https://goo.gl/rVRkHY
  • https://goo.gl/RNDr4L

You can also read ...

Currency, Gold at New High in Tehran Market
The foreign exchange market heated up again on Monday to post...
Gov’t to Issue Bonds to Pay Back Loans on Iran Air ATR Planes
The government’s Economic Council last week approved a...
Iranian Ministry of Industries, Mining and Trade has released...
Iran: Summer Sees Highest Inflation on Record
The consumer price index increased from 116.2 to 134.6 or...
Iranian Private Carmaker Increases Prices 55%
Iran’s largest private automaker Modiran Vehicle Manufacturing...
Tehran Stocks Rally, Incline Toward Export Sector
Tehran Stock Exchange set a fresh record high on Monday as...
Iran Steel Exports Rise  27% to Over 4m Tons: ISPA (Mar-Aug, 2018)
A total of 4.13 million tons of finished and semi-finished...
Iranian Banks Lend $16.8 Billion in 5 Months
Banks and credit institutions allocated 2.4 quadrillion rials...

Add new comment

Trending

Googleplus