Central Bank of Iran Lends Tech Firms $500 Million

The Central Bank of Iran has offered 70 trillion rials ($500 million) in loans since the beginning of the current Iranian year (March 21) to help emerging startups and knowledge-based companies flourish, the CBI chief says.

Financial Tribune- “The amount of loans has increased by 52% compared to the previous year,” ISNA quoted Abdolnasser Hemmati as saying.
Visiting tech units at Azadi Innovation Factory in west Tehran on Monday, Hemmati said there are over 10,000 startups and knowledge-based companies in Iran and if they receive enough support and attention, they will yield valuable results.
Hemmati noted that government support for the tech units will continue to guarantee their constant growth.

Publish Date: Dec 11, 2019