Tehran-based Amirkabir University of Technology plans to launch a technology complex in collaboration with the state-owned Bank of Industry and Mine.
“The project is to boost scientific and technical support for knowledge-based companies and startup teams at the university's Tech Tower,” Ali Nikbakht, a deputy director at the university, was quoted as saying by the university's website, Aut.ac.ir.
Launched in February 2016, the university's Tech Tower houses over 150 knowledge-based firms, research teams, startup accelerators, laboratories and venture capital funds.
Recently, a group of representatives from the BIM visited the Tech Tower at the university and discussed the nature and objectives of the new project during a meeting with the university authorities.
"The initial negotiations have been made with the bank and the project will be launched as soon as the investment is made," the official added.
Nikbakht noted that the bank has also agreed to offer low-interest loans to fledgling technology firms and startups currently active in the university's Tech Tower to help them expand their activities.
Hossein Mehri, the head of BIM, has said that he is committed to introduce tech companies to domestic industries and market, and provide them with legal and technical consultation.
Extending support to new startups and technology firms has been on the government's agenda since 2013, when President Hassan Rouhani began his first term in office.