At the ceremony commemorating the 10th anniversary of the establishment of Trigup Accelerator, Mohammad Sadegh Sobhani, the CEO of this company, said: “So far, this group has invested more than $651,000 in 70 startups. Also, by providing more than 15 thousand hours of training, it has played an effective role in the growth of startup teams and has brought 13 successful startups to the exit stage. “To date, 3,685 people have used the training and guidance services of this accelerator, and 28 teams from the Trigup-supported startups have been able to attract new investors in the next stages.”
According to Ideaagency, Mohammad Sadegh Sobhani further mentioned the performance of this accelerator in the last ten years and said: “We have examined 943 startup teams and provided them with educational and consulting services. The most important feature of Trigup is that we have paid special attention to startups from different regions of Iran, so that teams from 75 cities and 31 provinces of the country have participated in this accelerator.”
He also mentioned that in addition to operating in Tehran, they have also set up branches in Mashhad and Isfahan and are considering expanding these activities to other cities in Iran. In the end, Sobhani emphasized that interaction with universities and scientific centers is essential for the development of the country’s startup ecosystem, and all sectors of society should work together for the growth of this ecosystem.
Seyyed Hamidreza Alavi, the chairman of the board of directors of this accelerator, said: “This accelerator was launched in 2014 with the technical and financial support of Fanap company. Our goal was to create an innovation center that would support innovative ideas and provide growth and development opportunities for newly founded startups.”
Alavi also mentioned the various challenges they faced during these years and added: “In this way, many changes happened in the economic and social situation of Iran, which had a great impact on businesses. One of the most important challenges was the Corona crisis, which affected the way of working and organizational processes. “Also, the migration of skilled workers in recent years was one of the other factors that challenged the startup ecosystem.”
Mostafa Naghipourfar, the former CEO of TrigUp, among other speakers of the event, discussed the trend of venture capitalists (CVC) at the global level and said: “Bank investors should have a thorough understanding of fintech and its technologies, and should not just enter startups with a superficial view.” He emphasized that fintech requires a deep understanding of the market and risks.
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