BAKU, Azerbaijan, September 8. The revenues of Iranian startup companies increased by 60 percent in the past Iranian year (from March 20, 2024, through March 20, 2025), compared to the previous year (from March 21, 2023, through March 19, 2024), said Hossein Afshin, Iranian Vice-President for Science, Technology, and Knowledge-Based Economy, Trend reports.
In an interview with Iranian media, Afshin noted that the revenues of the country’s startup companies amounted to 18.3 trillion rials (about $31.9 million) in the past year.
Afshin noted that the share of startup companies in product sales increased by 40 percent compared to the previous year, reaching 3.69 quadrillion rials (about $6.43 billion).
The Iranian official emphasized that 67 percent of the country’s emerging companies are startups. With the development of investment models and the enhancement of technical knowledge, these companies can enter new markets and achieve higher revenues.
To note, Iranian banks issued loans worth about 1.46 quadrillion rials (about $2.5 billion) to 1,588 startup companies in the first 4 months of the current Iranian year (from March 21 through August 22, 2025). The volume of loans issued by Iranian banks to startups during this period increased by 57.3 percent compared to the same months of the last year (from March 20 through July 21, 2024).
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