Iranian Startups News

Local startups are capable of reducing the effects of corrosion in the oil industry by at least 20% over the next five years, the head of the Oil Industry Technology and Innovation Park said.

The National Development Fund of Iran gave 41 trillion rials (about $114.8 million) in loans to knowledge-based companies since fiscal 2018-19 up until now, according to the fund’s head for…

The National Iranian Oil Company will draw up contracts worth $500 million with knowledge-based firms to revive abandoned oil and gas wells, the oil minister said.

Insurance startups say implementing measures that promote competitiveness by the regulator is the key for the growth of the sector.  Officials from the Central Insurance company of Iran,…

The National Iranian Oil Refining and Distribution Company has signed contracts with knowledge-based firms in the fields of robotics and smart equipment in Tehran on Thursday, director of the…

Governmental entities are prohibited from taking legal action against startups, as per the recent order announced by President Ebrahim Raisi, the Vice Presidency for Legal Affairs.

Startups are focusing more on the capital market for funds using assorted financing instruments at the Iran Fara Bourse, the IFB deputy for financial institutions said.  Most startups in…

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…

Tap30 company, a ride hailing app in Iran, is planning to go public becoming the first of its kind in Iran to trade on the share market.  ICT Minister Isa Zarepour said Wednesday that the…

Iran's Oil Ministry has signed a collaboration agreement with the Vice Presidential Office for Science and Technology for the avowed goal of bridging the technological gap in the domestic…

Government officials have declared startup ecosystem Iran's future business sector, as it has the potential to reduce the country's reliance on natural resource sales and boost economic growth…

Mobarakeh Steel Company’s Digital Innovation Center at Tehran University’s tech park is planning a startup event to help upgrade the domestic steel manufacturing industry by employing modern…

The Vice Presidential Office of Science and Technology has held 384 educational courses in a range of subjects to assist the development of tech-based firms and startups.

Four local banks have reached a multilateral deal with the state-backed Iran National Innovation Fund to provide low-interest loans worth 10 trillion rials ($37 million) to emerging knowledge-…

Support for Iranian startups and knowledge-based companies had been high on the agenda of the former president, Hassan Rouhani, during his eight-year tenure that started in 2013. Government…

An oil and gas tech park has been launched in Tehran with the support of the Vice Presidential Office for Science and Technology to expedite the key sector’s development. The park was…

Sales of Iranian startups and knowledge-based companies reached 1.8 quadrillion rials ($7.6 billion) in the last Iranian year (ended March 20, 2020), a senior official with the Vice Presidential…

The Oil Ministry will invest $80 million in startups and knowledge-based firms, the oil minister said.

The revenues of Iranian tech firms and knowledge-based companies has exceeded 1.2 quadrillion rials ($4.63 billion) in the first 10 months of the current fiscal year (started March 20, 2020), an…

Iran’s stock market is expanding its role in financing startups and knowledge-based companies, managing director of Iran Fara Bourse, the junior equity market, said.  Despite difficulties…

Tehran’s stock market will host the initial public offer for the country’s second largest Iranian ride-hailing company, Tap30, in the coming weeks. It will be the first of its kind to go public…

The novel coronavirus pandemic has created a storm in healthcare systems around the globe, including Iran.  This unexpected situation has intensified demand for smart solutions to support…

Vice Presidential Office for Science and Technology and its affiliate, Iran National Innovation Fund, are seeking to mobilize more financial resources for the growing technology ecosystem, as…

Two Iranian startups specialized in sports will unveil their latest products during the 19th International Exhibition of Sports, Sporting Goods and Equipment (also called SPORTEX 2020) now…

The Iranian government has introduced a new investment scheme to help startups working on emerging technologies, which will be spearheaded by the Vice Presidential Office for Science and…