Iran Daily

Iran, Austria to develop automotive parts technology

Committee set up to regulate startup financing

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Iran signed a contract with Austria on cooperatio­n in the developmen­t of automotive parts technology, a senior trade official said.

“The contract was signed between East Azarbaijan Science and Technology Park (EASTP) and Austrian Institute of Technology,” said Executive Secretary of the Supreme Council for Science, Research and Technology Mostafa Kazemi on Monday, reported Fars News Agency.

Noting that the contract entails cooperatio­n in the developmen­t of automotive parts technology, he said, “The first phase of the project kicked off about three months ago at Rab-e Rashidi Science and Technology Park in Tabriz.”

Kazemi stated that following the cooperatio­n on automotive parts, the two sides will sign contracts on developing aircraft and helicopter parts.

Iranian automotive parts manufactur­ers will exchange knowledge with the Austrian side in a joint workshop, the, he said.

Technology transfer, cooperatio­n on manufactur­ing and developmen­t of the production line are other fields of cooperatio­n envisaged in the contract.

A training workshop between Iranian and European parts manufactur­ers is scheduled to be held in Austria by December. Ministry of Communicat­ions and Informatio­n Technology has set up a special committee to regulate the financial system of startups, said CIT minister.

Mohammad Javad Azari Jahromi said the ministries of culture, finance, as well as the Central Bank of Iran are involved in the process to devise a good model for startups, reported Trend News Agency.

“We do not have the necessary mechanism to develop startup businesses. There are problems that should be fixed,” the minister said, putting special emphasis on the lengthy process of registerin­g startup companies.

In the meantime, he noted, the Intranet (a nationwide network under developmen­t in Iran) has the required physical grounds to sort things out with regard to startups.

He said that CIT ministry has already conducted a study on the ecosystem that the national network provides for startups, adding the report will be published for the public to use.

 ??  ?? Mohammad Javad Azari IRNA
Mohammad Javad Azari IRNA
 ??  ?? ISNA
ISNA

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