August 26, 2018 17:08

Private Sector Offers Helping Hand to Knowledge-Based Companies

Managing to attract investment from the private sector and support from Sharif University of Technology, a privately-owned technology park has been established in Tehran which has been branded as the Innovation Factory

According to the center’s director, they have attracted 220 billion rials ($2.3 million) in financial support for the teams based in the tech park

The Iranian government is a step closer to achieving its long-sought objective of involving the private sector in the startup and knowledge-based ecosystem with the inauguration of a privately-owned technology park branded as Tehran Innovation Factory.
It has taken two months to set up the center, which is the first private science and technology park established across the country.
Vice President for Science and Technology Sorena Sattari praising the establishment of the Innovation Factory as a great step forward described the activities of the center for reporters.

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