A joint cooperation agreement is signed between IUT and Mobarakeh Steel Technology Development Company to establish the first steel innovation and technology center in the country. The most important goal of establishing this center in IUT is to develop and strengthen the technological ecosystem. Also, the technology teams and units related to startups will be supported, and research grants procedures for the steel industry will be facilitated. Prof. Hamidreza Safavi, Vice-president for Research and Technology of IUT, expressed that the foundation of a technological ecosystem is crucial in the development of third and fourth generation universities. He also pointed out that the development of industry will cause an increase of joint projects with universities to provide opportunities for faculty members for conducting research in industry.

Dr. Yahya Palizdar, CEO for Innovation and Development of Mobarakeh Steel Co., stated that nearly 70% of the employees of Innovation and Development Center of Mobarakeh Steel Co. are graduates of Isfahan University of Technology, and the capacity of this university undoubtedly contributes to the growth and development of the country.

Stating that the Innovation Center of Mobarakeh Steel Co. aims to multiply investment opportunities in universities, he asserted that establishing an office at IUT leads to create opportunities to cooperate with students and academic elites. It is  worth mentioning that developing advanced steel products, developing the raw materials and the alternative consumables, moving in pace with the developments of the 4th industrial revolution,  circular economy and developments in climate change are among the initiatives that would happen in IUT-MSC technology ecosystem.

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