Iranian Knowledge-Based Firms’ Income Grows 60% in One Year

“The income of these companies has reached 1,833 trillion tomans (Iran's currency), which has increased by 60% compared to the previous year,” Afshin said.

Noting that the share of sales of knowledge-based products has increased by 40% last year compared to the previous year, he added, “This figure indicates an 81% share of knowledge-based products in the total sales of technological companies, which indicates the high share of these companies in the national economy.”

“Start-up companies, which constitute 67% of all knowledge-based companies, have a small share in the knowledge-based economy due to their nature,” Afshin said.

In relevant remarks in May, an Iranian official had announced that the volume of exports of knowledge-based products has reached 500 million dollars while the total volume of exports of knowledge-based companies stands at 2.5 billion dollars.

“There are over 10,100 active knowledge-based companies in Iran, many of which have a history of exports. These companies have produced over 17,000 knowledge-based products and employed nearly half a million specialists at various levels,” said Deputy Director for Development of Knowledge-Based Companies Department at the Iranian Vice-Presidency for Science, Technology and Knowledge-Based Economy Touraj Amrayee.

“Nearly 600 companies in Iran's technology ecosystem have a history of foreign trade, and the volume of exports of knowledge-based products has reached half a billion dollars and the total volume of exports of knowledge-based companies has reached about 2.5 billion dollars,” he added.

“The total revenue of knowledge-based companies last year exceeded 18 billion dollars, and 109 knowledge-based companies are also listed on the Iranian Stock Exchange with a revenue of 7 billion dollars,” Amrayee said.

Amrayee had also announced in March that the knowledge-based firms will have a 7% share of the country’s gross domestic product (GDP) by 2028.

“The share of knowledge-based companies in Iran’s GDP will hit seven percent by 2028,” he said.

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