INIF Endorsing Public Investment to Support Startups, Technology Firms

The Iran National Innovation Fund, backed by the government, has laid the groundwork for the general public to make micro-investment in startups and technology firms.
According to Ali Nazemi, INIF's deputy for investment, the public funding scheme is designed to engage the general public in supporting the growth of technology ecosystem as a new financial resource, in addition to government resources and major private investments, Mehr News Agency reported. 
“The public will be able to scrutinize the tech projects and startups with the help of INIF and decide where to put their capital,” he added.
Following evaluations and investigations, 24 projects in information and communications technologies, machinery, medical science, nanotechnology and agriculture, as well as food, aviation, marine, copper, steel and mining industries, have been listed for public funding.
For interested investors, the shortlisted projects and their details are available on INIF's website, Inif.ir, stressing that the projects would be broadcast on a local TV channel to increase public awareness.