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Tech Firms’ Deals With Industries Top $210m Since March 2018

Tech Firms’ Deals With Industries Top $210m Since March 2018Tech Firms’ Deals With Industries Top $210m Since March 2018

About 30% of short-term agreements signed between knowledge-based companies and industries since March 2018 have grown into long-term contracts worth 27.8 trillion rials ($214.4 million), the head of Iran National Innovation Fund said.
Speaking at a press conference held in Tehran on Monday, Ali Vahdat added that these deals have been forged in tech events and startup weekends held regularly by the fund, Mehr News Agency reported.
In addition, Vahdat said, INIF has offered loans and aid packages to the tune of 14 trillion rials ($107 million) to 4,500 knowledge-based companies active across the country.
Vahdat noted that the total amount of financial assistance to tech units has seen a 50% growth compared with that of last year.

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