Iran National Innovation Fund, affiliated with the Vice Presidential Office for Science and Technology, pays tech companies 1.2 billion rials ($4,800) to help them exhibit their products in neighboring countries.
The annual expenses of knowledge-based companies and startups at the tech centers reach 1.7 billion rials ($6,800) plus a small part of their sale, according to Siavash Malekifar, a deputy head of the fund.
The grant from INIF covers 70% of the funds required, Mehr News Agency reported.
“The initiative is aimed at strengthening Iran's scientific and economic ties with the target countries, allowing local knowledge-based businesses to market and sell their products,” he said.
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