IIID Reports Record Private Investment and Strategic National Projects in 2024

The Iran International Innovation District (IIID) has published its 2024 performance report, highlighting significant achievements in private sector investment, technology commercialization, research and development, and international cooperation. The district also initiated four major national projects aimed at addressing the country’s natural gas and electricity supply-demand gap.

According to the report presented at the 23rd Annual Gathering of IIID, the district—centered around Pardis Technology Park (PTP)—has solidified its position as one of West Asia’s leading advanced technology hubs.

IIID is currently home to 478 technology-based and knowledge-based companies employing over 9,600 professionals. These companies, along with startups in affiliated branches, form an integrated innovation ecosystem.

Investment and Infrastructure Development:
In 2024, new private investment in IIID exceeded IRR 150 trillion, bringing the cumulative total since the park’s inception to approximately IRR 630 trillion. Private investors have built over 426,000 m² of R&D and technology spaces, with master plans for more than 1.2 million m² already designed.

Product Development and Exports:
The number of products developed by IIID companies rose to 2,651 with the addition of 146 new products in 2024. Member companies achieved sales of IRR 910 trillion and exported 62 products to 31 countries. Localization of knowledge and technology generated foreign currency savings equivalent to EUR 815 million.

Research, Development, and Support Services:
Member companies invested over IRR 56 trillion in R&D, equivalent to 6.28% of their annual sales. The Advanced Technology Development Fund provided IRR 43.259 trillion in loans, guarantees, and investments. The park also organized 1,580 hours of training, 56 expert consulting sessions, and facilitated the recruitment of 411 specialists.

Industry Collaboration and National Projects:
In 2024, 72 technology projects were launched with large industries, and 29 industry development programs were conducted. Four strategic national projects were initiated to improve the balance in Iran’s gas and electricity systems.

Positioning and International Engagement:
IIID’s legal framework and bylaws were approved by the Iranian Cabinet. The district now hosts four national regulatory bodies, 26 public service providers, and six bank branches. The Iran National Techmart executed transactions worth over IRR 30 trillion via 37 regional and specialized offices.

Major Events:

• INOTEX 2025 hosted over 450 ecosystem players and 27 foreign companies, resulting in 560 B2B meetings and IRR 27.5 trillion in technology transfer agreements.
• Technology Olympics gathered 6,380 elite participants in six fields, with 1,600 competing in the finals held at IIID.
• Iran Health Exhibition 2025 featured 580 companies from seven countries, 1,000 B2B meetings, and the unveiling of 18 new health-tech products.
• The Mustafa Prize (PBUH) honored leading scientists, alongside initiatives like “Elm-Kavi” campaigns, Science Café events, cross-border research opportunities, and STEP conferences on future medicine.

The report concludes that IIID not only supports domestic technology companies but also attracts Iranian professionals from abroad, promotes educational programs, and engages in national science and technology outreach activities.