ICT Park Expands in Mashhad

The third phase of the ICT Park was launched in the holy city of Mashhad, Khorasan Razavi Province, on Monday. 
Speaking at the inaugural event, Information and Communications Technologies Minister Mohammad Javad Azari Jahromi said the project has increased the total area designated for digital economy in Mashhad to 7,000 square meters, Ict.gov.ir reported.
“Venture capital funds will be established in the park to support startups. A percentage of ICT Ministry’s income will also be invested in startups based in the parks,” he added.
The park, also known as the Digital Economic Development Park, has been established in the city’s central post office to host 120 startups and knowledge-based companies.
Apart from workspace and financial support, mentorship courses and legal counseling will also be provided for tech teams.