February 05, 2019 18:47

Tech Park Opens in Mashhad

To boost startups and knowledge-based companies and help reduce the share of oil in the economy a new tech park was launched in Mashhad with a capacity of house 120 tech firms

Tech park ‘Digital Economic Development’ was launched in the shrine city of Mashhad on Monday by the ICT minister.
During the inauguration ceremony Mohammad Javad Azari Jahromi said, “The tech park can host 120 startups and knowledge-based companies,” ict.gov.ir reported.
A similar project is underway in Tehran. “Another tech park, which is also named Digital Economic Development, is being built in Tehran which can provide 150 startups and technology companies with working space and support,” Jahromi said.
“Venture capital funds would also to be established in the parks that will help fund startups.” A percentage of ICT Ministry income will also be invested in startups in the parks.

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