TEHRAN – The 5th Technology Investment Meeting (TIM 2023) will be held in Tehran Pardis Technology Park on February 26-27.

TIM 2023 is an international event with the aim of attracting capital to accelerate knowledge-based companies and startups, and also attract investors from member countries of the “D-8”, the group of eight Islamic developing countries.

This event is a great opportunity for economic actors in various fields of technology to develop their share of international markets by presenting their products, services, and capabilities.

In the last edition of the event (TIM 2022), over 100 foreign investors and 28 domestic investors were present and showcased the products and services of 61 startups and investing companies.

The result of this valuable event was concluding 11 cooperation contracts worth $10 million, which is expected to grow this year significantly.

TIM aims to accelerate knowledge-based companies and startups, and also attract investors from “D-8” countries.This event includes various programs, such as the presentation of technology companies with the aim of attracting capital, specialized panels, signing MOUs, concluding joint investment contracts, and visiting the country’s technology and innovation ecosystem.

D-8 includes major Muslim developing countries namely, Bangladesh, Egypt, Indonesia, Iran, Malaysia, Nigeria, Pakistan, and Turkey.

Over 7,000 knowledge-based and 1,600 creative companies have so far been registered and started operations in the country.

The fields of biotechnology, agriculture, food industries, chemical technologies aircraft maintenance, steel, gas, pharmaceuticals, medical equipment and medicine, oil, electronics and telecommunications, information technology, and computer software are among the sectors in which researchers in technology companies are working.

Today, the country's knowledge-based ecosystem accounts for more than 3 percent of the GDP. And the figure is projected to reach 5 percent, however, the main goal is to step toward a 10 percent share in GDP, the former vice president for science and technology Sourena Sattari said in February.

The share of knowledge-based companies in the country's economy has exceeded 9 quadrillion rials (about $34 billion), and since 2019, it has experienced a growth of more than 450 percent, he stated.

FB/MG