Iran's knowledge-based companies improve exports
Tehran, Iran, Sept.2
Sorena Sattari, Iran's vice president for science and technology has indicated the role of knowledge-based companies in the country's economy and necessity to finance them.
"Today Iran's knowledge-based companies are a multi-million dollar business that are traded at the stock exchange," he said during seminar of financing exports knowledge based companies, Trend reports.
Sattari also said that regarding exports, the knowledge-based companies remain active.
"We seek to show the traditional exports sector that it is losing ground to the younger people. This sector should understand that it should invest in young people, specifically, in knowledge-based companies," he said.
He went on to note that Iran has the biggest biotech start-ups in the region. Sattari also added that the sale of (Iranian) knowledge-based companies reach $21 million a year.
"The value of such companies is based on those who run them," Sattari said, bringing up the example of Facebook and its founder Mark Zuckerberg.
Among Iran's own, the official noted "Cafe Bazaar (Iranian Android marketplace), which has some 22,000 programmers registered.
Further speaking of the medicine sector, Sattari said that Iran produces 80 percent of its medicine.
"Regarding medical equipment sector, we have extraordinary companies. Within our export plans, we have a budget for the companies in this sector," he said.