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Amid Sanctions, Tech Ecosystem Helps Boost Domestic Production

Amid Sanctions, Tech Ecosystem Helps Boost Domestic Production Amid Sanctions, Tech Ecosystem Helps Boost Domestic Production

Over 3,600 knowledge-based companies in Iran have managed to start production lines for a wide range of items, the Vice Presidential Office for Science and Technology has announced.
According to the office’s website, these firms have helped bolster domestic production, curb the impact of sanctions and bridge the demand-supply gap in the local market. The office has sorted startups and knowledge-based companies in four categories based on criteria, including the technology involved.
Based on these categories, 2,988 firms are growing into major producers of technological items and 616 firms have produced outstanding prototypes of tech items by seeking financial resources and marketing support. 
Knowledge-based companies aim to manufacture low-cost products with advanced technologies in health, pharmaceutical, agriculture, aerospace, automotive and machinery production, chemical and ICT fields. Most of the items used to be imported at exorbitant prices.

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