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Vice President for Science and Technology Sorena Sattari
Vice President for Science and Technology Sorena Sattari
Wednesday, March 21, 2018

Iran Startup Strategy Under Official Review

The dilemma over how to finance startups and knowledge-based firms continues, as some government officials insist on loans as the wisest choice and others promote venture capital and angel investments
Vice president for science and technology believes that startups incur losses for years before they bear any profit, so the expectation that they start repaying the loans soon after getting them is not helpful
Wednesday, March 21, 2018

Iran Startup Strategy Under Official Review

Iranian officials are yet to reach a consensus on how to finance startups and knowledge-based firms since some insist on loans as the wisest choice and others propose venture capital and angel investment.
On one end of the spectrum is Behrouz Soltani, the head of government-backed Innovation and Prosperity Fund, who believes more bank investments must be directed at startups and knowledge-based firms.
On the other end is Vice President for Science and Technology Sorena Sattari, who strongly believes that giving out loans to startups is tantamount to diverting them from the right course.
The dispute between government officials over which path to take with startups and knowledge-based firms is dragging on, the Persian economic daily Donya-e-Eqtesad reported.
President Hassan Rouhani favors the promotion of knowledge-based companies and startups to curb the overreliance on oil export earnings.

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03/21/2018
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