Iranian Knowledge-Based Companies Experience Fivefold Rise in Revenues

Over the past couple of years, one thousand companies have been added to the knowledge-based companies on average per year, said an official with the Innovation and Prosperity Fund.

Moreover, knowledge-based companies have increased revenues by fivefold from about 400 trillion rials (some $1.15 billion) to 1,980 trillion rials (some $5.65 billion) since 2017, Mostafa Arab told reporters.

He pointed out that preparing analytical reports can greatly help the decision-makers and promote the position of the knowledge-based economy in the country.

“To this end, we created a comprehensive database system,” he said, adding, “We put the preparation of reports related to knowledge-based companies on the agenda and analyzed the ecosystem of knowledge-based companies.”

According to the reports, the technological ecosystem of the country has been developing rapidly since 2011, Arab highlighted.

For instance, half of the knowledge-based companies have been established after 2013.

In recent years, the number of knowledge-based companies has increased from about 1,500 to about 7,500, the official noted.

Over the past years, one thousand companies have been added to the knowledge-based ecosystem on average per year, he added.

Arab went on to say that women account for 22 percent of board members and 12 percent of CEOs of knowledge-based companies.

Statistics say that about 275,000 people were working in knowledge-based companies in March 2022, showing a growth of 20 percent compared to March 2020.

Over the past year, in order to realize a resilient and knowledge-based economy, the Vice Presidency for Science and Technology has implemented a series of activities to further develop the ecosystem of innovation and technology in the country.

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