Iranian Knowledge-Based Firms to Employ 2,000 People by Yearend

“Based on the planning, in addition to the 1.5-fold increase in the amount of knowledge-based production in the country, at least 2,000 job opportunities will be provided for the applicants by the end of this year,” said Mohammad Sadeq Khayyatian.

He also added that given the necessity for supporting the low-income provinces, the distribution of resources will be done in a way that their credit share will be far more and several times higher than the ratio of the number of knowledge-based companies in each province to the total number of knowledge-based companies in the country.

In line with the senior Iranian officials' determination to support for the growth and development of knowledge-based companies, the total number of such companies in the country has reached 8,368, indicating a 90 percent increase.

According to a report by Iran's Vice-Presidency for Science, Technology and Knowledge-Based Economy, “As many as 8,368 knowledge-based companies have been founded in the country so far, out of which 5,445 are manufacturing knowledge-based companies and 2,923 are newly-established knowledge-based firms (start-ups).”

Knowledge-based companies with their activities in various fields are classified into two groups of production (manufacturing) and newly-founded or start-up knowledge-based companies.

The report added that knowledge-based companies that earned revenues from their activities in their last declaration are recognized as productive, provided that they operate in the field of advanced technologies.

Also, knowledge-based companies that do not have a tax return or have no operating income based on their latest tax return are known as start-up knowledge-based companies.

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