Two Iranian startup accelerators Avatech and Shezan, along with shared office space provider Zavie Co and startups consultancy agency Noava, have been merged and will operate under the name Hamava.
Hamava’s public relations manager Iman Jalili told Peivast, “All of these firms except Shezan are currently based in Hamava Innovation Factory.”
Privately-owned technology park Hamava Innovation Factory has been established at an abandoned chemicals factory near Azadi Square west of Tehran.
Jalili said the merger is hoped to speed up services and provide enhanced access to customers.
He also noted that the four entities, which are some of the well-known players in Iran’s startup ecosystem, will continue their activities as before but their operations will be integrated by Hamava.
According to Jalili, the four hope to further pave the way for activities of fledgling firms and provide them with all the support and services they need.
As per the merger deal, Noava will establish events and boot camps which help create new startup teams, Zavie will provide the teams with working space, Avatech and Shezan will back the startups as accelerators and Hamava will be the main investor in the fledgling firms.
The legal process of the merger is still underway, Jalili added.
Reza Kalantarinejad has been appointed as Hamava’s director. Kalantarinejad is Shezan’s founder.
