Keeping the competition out: Iran startups thrive despite sanctions


  • TECH
  • Monday, 09 Oct 2017

Their startups and e-commerce apps are flourishing, driven by government infrastructure support and young Iranians educated both in the country and abroad. Pictured are employees working at a company in Tehran, Iran.

LONDON: Low on cash but high on hope, Iran's technology entrepreneurs are learning to live with revived hostility in the United States and growing suspicion – or worse – from hardliners at home. 

Their startups and e-commerce apps are flourishing, driven by government infrastructure support and young Iranians educated both in the country and abroad. Some are even drawing foreign investment in a way that Iran's dominant oil industry has yet to achieve since most international sanctions were lifted early last year under a nuclear deal with world powers.

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