The first national artificial intelligence investment event in Iran is held with the aim of identifying and supporting active teams in this field. This event, which was formed in collaboration with Sina Smart Holding and Raymon Technology Development Company, seeks to connect artificial intelligence startups to venture capital and strengthen the country’s innovation ecosystem.
venture capital; The necessity of keeping up with the global wave of AI
Mehdi Itarinia, Sina Holding’s vice president of venture capital, emphasized in explaining the goals of this event: artificial intelligence has become an all-encompassing chain in the global economy and has involved small and large businesses.
Referring to the intensity of global competition in this field, he said that if Iran intends to not simply “follow the backward” in this direction, it will have to start serious and proactive measures; According to him, the measures should come from the heart of the private sector and innovation ecosystem.
Itsarinia explained: Sina Smart Holding, as the specialized arm of Mustafafan Foundation in the field of artificial intelligence and intelligence, considers it its duty, in addition to infrastructural missions, to actively enter venture capital in this field and support talented domestic teams.
From energy and health to industry and education
According to Sina Holding’s vice president of venture capital, the scope of this event is not limited to a specific industry or application, and active teams in fields such as energy, health, education, industrial technologies and intelligence can be present.
He emphasized that although some priorities have been considered according to the value chain of Mustafahan Foundation, the framework of the event has been designed in such a way that it does not hinder the participation of other teams.
Official call and team evaluation process
Reza Qawamipour, the CEO of Raymon Technology Development Pioneers and the organizer of the event, announced: The official invitation for this event was published on December 24, and the teams have the opportunity to register until December 8 (can be extended until December 10).
According to him, after registration, the teams enter the online screening phase and each team presents its idea in a 30-minute session. Finally, the selected teams will be invited to the closing event that will be held at the same time as the International Artificial Intelligence Exhibition in the last week of January.
Where does the investment start?
In response to Ecomotive’s reporter’s question about the criteria for teams to enter the investment stage, the event officials explained that teams in the idea stage or before the MVP will have a different support path; But venture capital typically focuses on teams that have developed at least an initial product and entered the market.
In this answer it was announced that A specific number and a fixed ceiling for investment have not been determinedbut for qualified teams, invest in a range Up to about 50 billion tomans And even at higher stages, if the market is proven, it can be reviewed.
Holding the first national artificial intelligence investment event can be seen as an attempt to overcome the slogan and enter the field of AI competition; An event that wants to turn domestic teams into more serious players in Iran’s digital economy by relying on venture capital.
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