Financial Support to Continue for Provincial Startups, Tech Firms

Government officials have proclaimed the startup ecosystem Iran's future business, as it is capable of reducing the country's reliance on the sale of natural resources.
Loan and aid packages have been rolled out by state agencies over the years to help the sector.
According to IRIB News, financial aid has been recently granted to entrepreneurs in Golestan Province's Science and Technology Park.
Mehdi Ghaffari, the park's director, said the park has been granted 300 billion rials ($1 million) by the Vice Presidential Office for Science and Technology and its subsidiary Iran National Innovation Fund. 
“The financial aid will be used to provide low-interest loans to small tech companies. The amount of state budget allocation to the park did not reach 90 billion rials ($325,000) last year and it was only 35 billion rials ($126,000) in 2017,” he added.