Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) hosted a conference on new economic innovations in Iran’s economic sector on Wednesday, the ICCIMA portal reported.

The conference dubbed “Innovation Ecosystem; The Realities of Iran’s Economy” was attended by experts, scholars, and business operators active in the field of information technology.

At this conference, the attendees believed that Iran’s economy needs innovation and the use of human capital to overcome today’s difficult conditions, and without following this path, it is impossible to get out of the current situation.

Speaking at the event, Ghadir Ghiafeh, the ICCIMA deputy head, put the value of the country’s natural and mineral resources at $27.3 trillion, saying: “Without innovation, such resources will remain buried and we will not be able to use them. To create added value from these natural capitals, we must use human resources in order to boost the country’s gross domestic product.”

Today, Iran has a very unfavorable situation in terms of gross domestic product, therefore, we have no way to overcome these conditions other than innovation and initiative and using our human capital, he said.

Also speaking at the conference, Mohammad Javad Azari Jahrami, the former Minister of Technology, Communications and Information, said: “An innovative view sees problems as opportunities and creates capital and opportunities in this situation. The innovative business system and space has a special behavior, literature, and mechanism.