Iranian Knowledge-Based Products Hit Markets in 70 Countries

Iranian knowledge-based companies marketed their products in 70 countries, and in some global markets have overtaken European and American companies, Siavash Maleki, deputy head of the Innovation and Prosperity Fund, has said. In the last two days, the number of knowledge-based companies has exceeded 6,800, he stated, emphasizing that half of them is active in the field of electronics and electricity. Last year, knowledge-based companies gained about US$800 million in revenue from export, and in the current year (started March 21), it seems to reach over US$1 billion, he noted. These knowledge-based companies have now found their export markets in 70 countries around the world. In some markets, they have been able to overtake European and American companies, he emphasized.

Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei designated the current Iranian year as “The Year of Production: Knowledge-Based and Job-Creating”.Today, the country's knowledge-based ecosystem accounts for more than 3% of GDP, he also said. Exporting technological products of Iranian knowledge-based companies is one of the important and key programs of the vice presidency for science and technology, and in this regard, the Iranian houses of innovation have been set up in several countries to develop the global market for knowledge-based products.
These centers have already been set up in countries such as Russia, Turkey, China, Syria, Kenya, Armenia, and Iraq.

Knowledge-based companies

Due to the necessity of Iran's presence in the global technology markets and the high capability of knowledge-based and creative companies, the Vice Presidency for Science and Technology stepped into the field to pave the way for its presence in the global market. To this end, it has developed and implemented programs, policies, and support packages related to the development of export, planning to attract foreign investment, eliciting the participation of Iranians abroad, and connecting domestic capabilities to the global market are among the actions taken in this regard. Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei designated the current Iranian year as “The Year of Production: Knowledge-Based and Job-Creating”. A plan for strengthening knowledge-based companies is on the agenda, raising hope for reducing obstacles on the path to development.

The Leader has called on all Iranians, including citizens and government officials, to work hard to boost knowledge-based production and create new jobs. Today, the country's knowledge-based ecosystem accounts for more than 3% of GDP. And the figure is projected to reach 5%, however, the main goal is to step toward a 10% share in GDP, Vice President for Science and Technology, Sourena Sattari told Fars on February 13.

The share of knowledge-based companies in the country's economy has exceeded IRR 9 quadrillion (~US$28.1 billion), and since 2019, it has experienced a growth of more than 450%, he stated.
There are currently 6,263 knowledge-based companies operating in the country, offering advanced products and services in various fields of technology to domestic and foreign markets, and some of them have entered international markets, Siavash Maleki, deputy head of the Fund, stated. The fields of aircraft maintenance, steel, pharmaceuticals, medical equipment, oil, and gas are among the sectors that researchers in technology companies have engaged in, leading to import reduction. - Tehran Times