Press TV, Tehran
100 domestic and foreign investors from Iran and 19 countries are in Tehran to take part in a technology investment meeting, the TIM-2022, a major tech investment event that aims to finance viable startups in the Muslim developing countries.
Ahead of the physical meeting of the TIM, 120 virtual B2B meetings were held between Venture Capital funds, accelerators and startups.
During the TIM, newbie but promising businesses active in aviation, steel, health and oil and gas signed MoUs with investors totaling some 10 million dollars.
One of the major goals of the TIM is to boost commercial ties between the member states of the D-8 Organization for Economic Cooperation.
D-8 stands for Eight Developing countries, comprising Bangladesh, Egypt, Iran, Indonesia, Malaysia, Nigeria, Pakistan and Turkey.
However, investors from other parts of the world are also present at the two-day event.
The TIM offers an all-win deal for all of the participating countries, including Iran, as it can open up a new multinational market that allows Tehran to trade with other countries, without the need to wait for the removal of US sanctions.