IFB CEO at the MOU signing ceremony: Holdings Can Amplify Innovation Investment

Monday, 30 July 2018

Following the efforts for the investment of listed holdings on innovation and Startups, Behshahr Industrial Group Investment Co. which is one of the first holdings to invest in knowledge-based firms and startups and Iran Fara Bourse stock exchange signed an MOU for long-term cooperation between the two company to enhance the effectiveness of Iran innovation ecosystem, facilitate startup financing and promote Finstars both nationally and internationally.

In this ceremony Iran Fara Bourse CEO, Amir Hamooni, stipulated that one of the key factors in improving a business while maintaining its competitiveness is innovation which is in turn one of the key factors in the knowledge-based economy so he is hoping that other holdings will follow the same path.

Behshahr Industrial Group Investment Co. was registered in Tehran Stock Exchange (TSE) as a public joint stock company in 2003 and investing in shares, any other kind of securities, metals, certificate of deposits and banks and financial institutions’ deposits and so on are its main area of expertise. In this meeting, the very company CEO mentioning their efforts to be pioneers in innovation ecosystem stated that as an investor one of the company’s goals is to finance startups especially fintech ones.