Fiscal Packages Rolled Out for Provincial Startups, Tech Firms

Government officials have declared the startup ecosystem to be Iran's future business sector because it has the potential to reduce the country's reliance on natural resource sales and boost economic growth.
Over the last few years, government entities have rolled out more loan and aid packages to assist the sector's expansion.
According to ISNA, financial assistance was recently extended to startups and technology teams of North Khorasan Province.
As per an agreement signed late last week between the state-backed Iran National Innovation Fund and the provincial research and technology fund, 50 billion rials ($172,400) were allocated to help the region’s startups and tech firms grow.