The 16th Nano and first Iranian Up-to-Date Technologies Exhibitions, 'FAR-Iran,' opened in Tehran, with the Vice President for Science, Technology, and Knowledge-Based Economy in attendance, announcing that 80 selected products showcased at the event saved the country more than $1.35 billion.

Why it matters:

These innovations show that Iranian tech companies can replace costly imports with high-quality domestic alternatives. This not only prevents capital outflow but also makes advanced technologies more accessible to the public, boosting national confidence in the knowledge-based economy.

 

The big picture:

The “FAR-Iran” exhibition launched with the participation of Vice President Hossein Afshin, innovation fund officials, and dozens of tech companies.

  • Out of 650 evaluated products, 80 were selected based on three criteria: regulatory approval, technological advancement, and economic or strategic impact.
  • Each product includes a detailed profile outlining its function, approval history, and estimated savings.
  •  The event aims to consolidate product launches into a unified national showcase, highlighting the full spectrum of Iranian innovation.
  • Special support packages are being offered to participating companies to accelerate commercialization, scale production, and build lab infrastructure.

 

What he's saying:

Hossein Afshin, Vice President for Science and Technology:

“This exhibition is a unified display of Iranian technological capabilities.”

“These products prove our youth can compete with global tech leaders.”

“The future of our economy is undoubtedly knowledge-based, and we must invest in it today.”

 

Go deeper:

Iran Unveils 80 Tech Products With $1.35B Savings Potential

Neda Sajjadi - Mahboubeh Habibi