Ruhollah Dehghani, Vice President of Science, Technology and Knowledge-Based Economy, among the thinkers, activists and economic policymakers present at this conference, pointed out the importance of small and innovative companies in value chains and stated: In the upper links of the value chain, mainly large companies that rely on assets that we see as tangible physical assets, but in the lower circles we reach small companies in terms of physical assets and rely on intangible assets. Companies that, despite having less assets and physical infrastructure, create significant added value through intangible assets and innovation.

He added: When a value chain is formed, the upper links are valued based on fixed capitals; On the other hand, as we move down the chain, intangible assets gain value, and by the way, these are the companies that bring high added value.

Small but valuable

Referring to the importance of intellectual and intangible assets in economic development, Dehghani said: When I was studying the top 100 companies with intangible assets, I realized that 96-117% of the value of some of these companies belongs to intellectual and intangible assets. A significant part of currency valuation in the West relies on these intellectual assets, and a significant part of the monetary and banking value of America is determined by these intellectual assets.

Regarding the role of intellectual assets in the advancement of the knowledge-based economy, the vice president of science, technology and knowledge-based economy stated: I believe that nothing will happen until the value and place of intellectual property is determined in the knowledge-based economy. Fortunately, a significant part of the officials Elites and society officials have realized the importance and value of intellectual property.

From tangible assets to intangible wealth

Giving an example, Dehghani said about the importance of intellectual assets and continued: an automobile company with hectares of infrastructure and several billion dollars of assets, tries to sell a car in the market for several tens of thousands of dollars using hundreds of kilograms of different raw materials. Meanwhile, a pharmaceutical company sells only a few grams of a drug for tens of thousands of dollars in an area of a thousand meters. This comparison of a few percent versus a few hundred percent profit shows the importance and place of intellectual property and knowledge-based economy.

Vice President of Science, Technology and Knowledge-based Economy, said that in the near future, the country's economy will move towards supporting and investing in ideas and companies that create hundreds of times the value of intangible assets and intellectual property.

Vice Presidency of Science, Technology and Knowledge-based Economy