Pardis Tech Park, Iran's 'Silicon Valley'

2022-10-10 21:51:52
Pardis Tech Park, Iran's 'Silicon Valley'

Pardis Technology Park is home to heavyweight tech firms, from fintech to medical and robotics companies.

Here in the 20th Pardis Annual Summit, Pardis Park acknowledged the top brands that have made major contributions to the country's economic growth.

Located in the west of Tehran, Pardis Technology Park was launched in 2001 with the aim of offering financial and consulting support to small enterprises and commercializing their products.

Currently, it has 400 companies under its belt, many of which have turned into tech giants.

Pardis Tech Park predicts that this year, the total export of products from its firms will hit the 50 dollar mark.

With US sanctions still haunting the Iranian economy, the country has in recent years attached greater significance to domestic brands.

The government is increasingly supporting companies active in non-oil sectors as part of efforts to reduce its dependence on crude revenues, which have faced a slump in the wake of US sanctions.

Each one of these brands started out as a small startup and grew to make a name for themselves in the market. Pardis Park says it continues to help science-based companies to develop, believing that this will lead to a more resilient economy that will be safe from the ups and downs of the oil sector.


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