A support system of mentors, seed funders and venture-capital funds has begun to take shape, but financing can still be hard to find and, while Iran produces many top-class computer engineers, business experience is still scarce.
“Access to finance for start-ups is still at a very nascent stage,” Mohsen Malayeri, co-founder of the Iran Entrepreneurship Association, told Reuters at the iBridge conference.
“We have talented engineers but understanding market dynamics is different.”