July 29, 2021

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Iranian knowledge-based products enter Russian market

Iranian knowledge-based products enter Russian market – Tehran Times

TEHRAN – Iran inaugurated a house of innovation and technology in Russia on Tuesday to find new markets for domestic knowledge-based products in the region, ISNA reported.

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.

Today, with the opening of this center in the best commercial and economic point of Moscow, despite sanctions, Iran’s technological interactions with other countries develop and Iranians’ specialized and knowledge capabilities reach global markets.

By supporting innovative ideas, holding technological and innovative events, the centers will be a platform for the development and promotion of Iranian knowledge-based companies, startups, and creative industries.

The centers are mainly formed with the investment and support of the private sector to provide the necessary infrastructure for their exports through the innovation houses.

Mehdi Ghalehnoei, an official with the vice presidency for science and technology, 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.

Innovation in Iran developed rapidly in 5 years

Knowledge-based companies and creative startups have grown over the past five years, and Iran has risen 45 places in the Global Innovation Index, according to the UNESCO 2021 Report.

The Global Innovation Index in Iran from 2015 to 2019 has risen from 106 to 61 with continuous improvement, showing 45 steps growth.

The development of accelerators and innovation centers over the last five years has led to a rapid increase in startups and knowledge-based companies.

Between 2014 and 2017, exports of knowledge-based goods grew by a factor of five, before slumping in 2018 after the U.S. withdrew from the Joint Comprehensive Plan of Action (2015), commonly referred to as the nuclear deal, and re-imposed sanctions.

The report states that innovation in Iran has developed rapidly over the past five years, and by the end of last year, 49 accelerators and 113 innovation centers had provided services to start-ups with the participation of the private sector.

Knowledge-based companies

Despite sanctions putting pressure on the country, a unique opportunity was provided for business development and the activity of knowledge-based companies in the country.

Currently, over 7,000 knowledge-based companies are active in the country, manufacturing diverse products to meet the needs of the domestic market while saving large amounts of foreign currency.

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.

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Original News : https://www.tehrantimes.com/news/463282/Iranian-knowledge-based-products-enter-Russian-market

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