In a new push to enrich the technology ecosystem in provinces, Iran’s private sector is to finance the establishment of an innovation factory in the western province of Lorestan.
The project is to be backed by Iran Chamber of Commerce, Industries, Mines and Agriculture, and the Lorestan chapter of ICCIMA.
In a Saturday meeting of provincial decision-makers, Hossein Selahvarzi, the head of Lorestan Chamber of Commerce and the deputy head of ICCIMA, said the two bodies are ready to fund the construction of an innovation factory in Khorramabad, the central city of Lorestan.
According to the ICCIMA’s website, Selahvarzi said, “We are ready to allot 20 billion rials [$148,148] to the project, which is approximately half of the total budget required to erect the factory.”
Lorestan Governorate and the Vice Presidential Office for Science and Technology have also voiced support for the project.
The ICCIMA official called on private investors to consider the project as a long-term investment opportunity and join the group of sponsors.