Iranian Startups Thrive Despite Sanctions

Keeping the competition out: Iran startups thrive despite sanctions

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.

More from Reuters here.

(Source: Reuters)

(Picture credit: Amir1140)

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