The Director of Marketing and Branch Operations for Iranian Post Bank announced that the institute was prepared to support the domestic knowledge-based companies working in the IT field.

Why it matters:

The support policies encourage the knowledge-based companies to take more steps forward in producing science and high-tech goods, despite the pressure of the Western sanctions on Iran. The support policy can also contribute to realizing an 8% economic growth as determined in the country's development plan. 

 

The big picture: 

In recent years, Iran has witnessed remarkable growth in the production of high-tech products. According to a 2021 UNESCO report, Iran’s innovation ecosystem has been expanding rapidly, particularly with the development of accelerators, innovation centers, and the increasing number of knowledge-based companies.

 

What he's saying:

Davood Ghezelbash: According to the established support policies, companies participating in the exhibition can benefit from financial facilities of up to 5 billion Tomans at a favorable rate. This initiative aims to foster the growth and development of innovative businesses in information technology.

 

Context:

Ghezelbash made the promise on the sidelines of the INOTEX 2025 Exhibition held in Tehran. INOTEX is recognized as one of the most important innovative events in Iran. Many knowledge-based companies have found their way to the international markets through INOTEX.

 

Go deeper:

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