Iran startups improved after JCPOA: VP

EghtesadOnline: Vice President for Science and Technology Sorena Sattari said on Saturday that Iran’s startups have greatly improved after JCPOA.

News ID: ۷۴۰۹۵۵

15 April 2017

In the 10th International Exhibition of Exchange, Bank and Insurance, Vice President for Science and Technology, Sorena Sattari said, “Iranian youth will soon replace big companies, even car manufacturers based on the fact that some of their startup companies have grown %1000.”

Stressing that Iran needs a new culture for the field of technology, Sattari added, “Three years ago, when we started collaborating with the Post Company, I couldn’t predict the idea market in the stock market would improve so fast.”

According to IRNA, he said, “We are following the thought of creating something like Nasdaq Stock Market for insurance companies.”

Vice President for Science and Technology said, “The fact that a 25-year old owns a million-dollar company shows that new kinds of financial systems are arising in the country.”

Saying that international exchanges of the startups is the result of JCOPA, he added, “In the last year, we witnessed some new players in the country’s economy; the nation’s youth will break the old structures and today we witness the fall of the traditional markets.”

The 10th International Exhibition of Exchange, Bank and Insurance kicked off April 15 and will continue until April 18.