VP Highlights Improvement of Iranian Start-ups after Nuclear Deal

Iranian Vice-President for Science and Technology Sorena Sattari says the country’s start-ups have greatly improved after the nuclear deal between Iran and world powers, also known as JCPOA.

Speaking at the 10th International Exhibition of Exchange, Bank and Insurance, VP for Science and Technology Sorena Sattari said some Iranian start-up 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.”

“We are following the idea of creating something like Nasdaq Stock Market for insurance companies,” IRNA quoted him as saying on Saturday.

Sattari went on to say, “The fact that a 25-year-old owns a million-dollar company shows that new kinds of financial systems are arising in the country.”

International exchanges of the start-ups is the result of JCOPA, he noted, adding, “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.”

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