TEHRAN –An Iranian knowledge-based product, GearMaster VR, has been announced among the top ten finalists in XR Education and Training Solution of the Year.

The AIXR XR Awards celebrates outstanding achievements in the virtual reality industry, and attendees include some of the biggest names in XR.

The product is recognized among projects that effectively address educational gaps with impactful XR technology and solutions that significantly enhance education and training through immersive experiences, innovative methods, and measurable outcomes.

The participants in the event are among the largest active companies in the field, therefore it is referred to as the Oscar of augmented reality.

One of the important points of the festival for education and train section is the use of creative and innovative solutions. So with the help of virtual reality technology, the designed product facilitates repairing automatic car gearboxes for the trainees.

Automatic gearboxes are complex and expensive tools so not all students can use them to learn how to repair these tools.

So the product helps establish educational justice and increase education quality, as well.

It also minimizes repair process risks. The features made the product unique; it has no similar counterpart in the world.

The final winners will be announced on December 5.

XR Award

Organized by the Academy of International Extended Reality, the XR Awards is an independent, not-for-profit academy funded solely by its awards activities and supplementary funding/resource from AIXR.

It was launched on October 9, 2017. The awards were designed to showcase standout achievements in XR over the last year and to celebrate the passionate and dedicated teams focused on bringing the best in XR and building a foundation for XR to grow for many years to come.

It was founded on the principles of a continuing initiative that supports innovators, creatives, thinkers, disruptors, doers, and dreamers exploring the future of VR, AR, MR, and XR contributing to the growth of the XR industry.

Knowledge-based growth

The significant and fast-paced growth in the number of knowledge-based companies with over 200 percent increase in their number just over the past year (March 2023 – March 2024), shows the solid foundation, dynamism, and growth of the country in innovation and technology and the productive atmosphere which have been made available in line with the goal of boosting domestic production with public participation.

The administration of the late President Ebrahim Raisi underscores the quantitative and qualitative development of knowledge-based companies.

The number of companies, which was around 5,000 before the administration of the late President Ebrahim Raisi took office in August 2021, has now reached 10,000 with a total value of two billion dollars.

Iran’s knowledge-based companies exported over 3.6 million tons of products, valued at $2.506 billion, in the previous Iranian calendar year (ended March 19, 2024), according to the Islamic Republic of Iran Customs Administration (IRICA).

Based on the IRICA data, some 1.158 million tons of goods, valued at $5.141 billion were also imported by knowledge-based companies into the country from March 21, 2023, to March 19, 2024.

About 85 percent of the goods imported by the knowledge-based companies came from China, the United Arab Emirates (UAE), Turkey, Germany, and India, IRNA reported.

The domestic knowledge-based companies exported their products to China, Iraq, the UAE, Turkey, and Russia in this period, IRICA said.

MT/MG