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$69m in Loans to Iranian Tech Companies

$69m in Loans to Iranian Tech Companies  $69m in Loans to Iranian Tech Companies

The government-backed Innovation and Prosperity Fund (NSFund) has allocated 9 trillion rials ($69 million) in loans to support knowledge-based firms and technology companies.
Funding will be made available in the next fiscal (begins March 21). 
According to Ali Vahdat, head of NSFund, 7 trillion rials ($53.8 million) will go to knowledge-based companies and the remaining 2 trillion rials ($16 million) to other emerging startups and tech teams, not registered as "knowledge-based", the local news website peivast.com reported.

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