Economy, Sci & Tech
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Iranian Startups, Knowledge-Based Firms Made $14.2b Last Year

Sorena Sattari paid a call on one of the biggest upholstery factories in the Middle East located in Qarchak to the southeast of Tehran, which has created employment for 500 people.Sorena Sattari paid a call on one of the biggest upholstery factories in the Middle East located in Qarchak to the southeast of Tehran, which has created employment for 500 people.

Over 3,500 knowledge-based firms and several thousand startups are operating in Iran. The revenue of these companies during the last fiscal which ended in March surpassed 600 trillion rials ($14.2 billion), an impressive 50% YoY spike, Iran’s Vice President for Science and Technology told reporters.
Praising Iran’s thriving startup ecosystem, Sorena Sattari said, “There are startups with a weekly growth rate of 10%.”
He outlined government plans for knowledge-based firms and startups on the sidelines of a tour of Qarchak industrial park, southeast of Tehran, on Sunday, ISNA reported.

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