TEHRAN – The Vice Presidency for Science and Technology will provide special support to facilitate export for knowledge-based companies with quality products over the next 6 months.

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 the presence in the global market, Mehdi Ghaleh-Noei, an official with the Vice Presidency, has said.

To this end, it has developed and implemented programs, policies, and support packages related to the development of export, he stated, noting, 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.

Last year (March 2020- March 2021), knowledge-based firms gained about $800 million in revenue from export. One of the forthcoming programs in the export route of knowledge-based products is the specialization of support for knowledge-based companies that are in the international supply chain, which is done by assessing export and product capacity being compatible with the global market through WTO data, Ghaleh-Noei explained.

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, three houses of innovation and technology were inaugurated in Kenya, China and Syria.
And countries like Turkey, Iraq, Afghanistan, and Pakistan are set to host the innovation houses in near future.

Ghalehnoei said in February that last year, knowledge-based companies gained about $800 million in revenue from export, and next year (March 21), it seems to reach up to $2 billion.

Africa, neighboring countries, Southeast Asia and Eurasia are our export target priorities, and we hope to create Iranian innovation and technology in all these areas, he added.

Iranian knowledge-based firms

The Innovation and Prosperity Fund affiliated with the Vice Presidency of Science and Technology has earmarked a sum of 170 trillion rials (nearly $4 billion at the official rate of 42,000 rials) to support knowledge-based companies over the past 4 years.

The Vice Presidency for Science and Technology has paved the way for research and production of technological products by supporting 7,000 projects over the past 8 years.

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, and medical equipment, oil, and gas are among the sectors that researchers in technology companies have engaged in, leading to import reduction.

FB/MG