European investors looking for innovative business ideas in Middle East
Solutia group hosted some investors from Germany, Japan, Finland and Sweden in Iran on August 2019, looking for new business ideas in Middle East. Devaluation of currency in Iran on year 2018, have been convinced lots of foreign investors for investment in Iran.
Also cost of energy, manpower and other prerequisites of establishing a business are very cheap in Iran. The production costs is very low and educated people can be recruited with a monthly salary of about 300 to 500 US$, (even experienced IT engineers). Iran as the most secure country in the Middle East can be a heaven for European investors. Japanese companies recently invested in cryptocurrency and mining of Bitcoin in Iran through consulting of Solutia.
Also there is a huge growth of innovation among Iranian startups, and the innovation atmosphere is booming in universities and knowledge based companies while they have great supports of government, but they need some supports from venture capitals abroad of Iran to be internationalized and it is a good opportunities for them too.
A business angel from Germany invited to Iran by Solutia Group says:
“The reason that made me to come Iran is helping your innovative startups to grow abroad of Iran. I think that I can help your companies or startups become a unicorn in the short future”.