MTN-Irancell picks Tehran for VC fund

May 21, 2018 •

University of Tehran and telecoms provider MTN-Irancell are preparing to seed a VC fund of undisclosed size to help nurture IT startups.

University of Tehran will partner with telecommunications firm MTN-Irancell to launch an IT-focused VC fund of undisclosed size aimed at building the country’s innovation ecosystem, Xinhua has reported.

The proposal includes plans for an accelerator and an innovation hub built by Irancell on a 3,000-metre site at the university’s College of Engineering.

Irancell hopes ideas from the hub, along with portfolio investments and those of other VC partnerships, will allow it to build its stake in emerging IT technologies.

The…

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