Hamava Innovation Factory
Hamava Innovation Factory Company is a privately held Tehran startup accelerator, seed investor and innovation-platform operator backed by Sarava Pars. Formed in 2018 from Avatech, Shezan, Zavie and Noava, it combines venture support, corporate innovation programmes and coworking at Azadi Innovation Factory, with an energy and ICT innovation-factory project in Zanjan.
Market position
Hamava operates as an integrated innovation platform formed from Avatech, Shezan, Zavie and Noava. Its historical portfolio comprises more than 70 startups.
Operations & footprint
Products and services
Hamava Innovation Factory provides startup formation, pre-acceleration, acceleration, pre-seed and seed investment, co-investment, mentorship, coworking space, innovation-center operation, corporate innovation programs, business-model development, market validation, commercialization support, investor access, workshops, events, and ecosystem networking. Hamava was formed through the integration of Avatech, Shezan, Zavie coworking space, and Noava. Its current and historical programs have addressed fintech, industrial smart technologies, automotive innovation, healthcare and point-of-care diagnostics, gaming, converging technologies, artificial intelligence, and other technology-based businesses. It also operates the Zavie coworking space and participates in the wider Azadi Innovation Factory ecosystem.
Operations and assets
Hamava is based at Azadi Innovation Factory in Tehran, an 18,500 m² site with 10 hangars and 4,500 m² of office and service space. It operates Zavie, a 1,000 m² shared workspace, and has a contract to design, build and manage an electricity, renewable-energy and ICT innovation factory in Zanjan.
Geographic footprint
Tehran, Iran, with a Zanjan innovation-factory development and management project.
Ownership & group structure
Ownership
Sarava Pars is the company’s parent and major investor.
Parent company
Sarava Pars (شرکت سرآوا پارس).
Commercial and investment relevance
Hamava is relevant for investors assessing Iran's startup pipeline, accelerator economics, pre-seed and seed financing, corporate innovation partnerships, shared innovation infrastructure, fintech, health technology, industrial digitalization, and artificial intelligence. Its long-standing ecosystem presence and network of specialized innovation centers may provide strong sourcing and founder access, but accelerator activity should be distinguished from investable equity ownership. Due diligence should verify Hamava's current shareholders and capitalization, active portfolio, ownership percentages, investment and co-investment terms, valuation policy, relationship with Azadi Innovation Factory and Pardis Technology Park, economics of the Zavie coworking operation, corporate-program contracts, government support, intellectual-property ownership, founder agreements, follow-on investment rights, realized exits, related-party transactions, revenue mix, financial sustainability, and whether portfolio references represent direct equity investments, accelerator participants, tenants, or program partners. For founders and corporate partners, Hamava combines workspace, acceleration and commercialisation support with investor access. For suppliers and operators, its innovation-factory model creates demand for workspace operations, startup services and sector-focused innovation programmes.
Constraints, risk & compliance
Key risks and constraints
Hamava’s Tehran operating base faced a lease-expiry eviction notice from AMA Company in November 2023. The related negotiations and legal proceedings affect continuity at Azadi Innovation Factory. The Zanjan project remains dependent on delivery under its contract with Iran Transfo Industrial Group.
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Frequently asked questions
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What does Hamava Innovation Factory do?
Hamava provides startup acceleration, seed and co-investment, venture-building support, corporate innovation programmes and coworking services.
Where is Hamava Innovation Factory based?
Hamava is based at Azadi Innovation Factory near Azadi Square in Tehran, Iran, and has a project in Zanjan to develop and manage an electricity, renewable-energy and ICT innovation factory.
Who backs Hamava Innovation Factory?
Sarava Pars is Hamava’s parent and major investor.
How much funding does Hamava offer startups?
Hamava’s acceleration programme states support of up to IRR 10 billion per startup in cash and non-cash acceleration and seed funding.