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Isolation by the West Fuels a Tech Startup Boom in Iran

Accepted submission by Phoenix666 at 2017-06-05 12:33:01
Techonomics

The Islamic Republic remains in many ways cut off economically from the rest of the world. Big-name Western brands shun the market for fear of violating sanctions that remain in place even after the country's landmark 2015 nuclear deal with world powers.

That means no KFC—just local upstarts like "Iran Fried Chicken"—or credit and ATM cards connected to global banking networks. Visitors to the country must carry in thick wads of dollars. Many popular social-networking sites like Facebook are blocked by government censors.

Order from Amazon or call an Uber? Forget about it.

In their place, a surprisingly active tech startup scene has sprung up [phys.org]. It's driven by a growing number of Iranian millennials who see their country of 80 million people not as an isolated outcast but as a market ripe with opportunity.

Among the fastest-growing companies in the digital transformation is Snapp, the ride-hailing app Meisami uses.

He estimates he makes more than $900 working in a good month, pulling in a much larger cut per fare than he would driving for a traditional taxi-style car service. His hours are long—12 hours a day most days a week—but he likes being able to pick when and where he works.


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