A meeting between Hossein Afshin, the Vice President for Science, Technology, and Knowledge-Based Economy, and the board members of the Iranian Venture Capital Association was held yesterday. In this meeting, the Vice President emphasized the importance of the role of associations and organizations, highlighting financing innovation, alongside infrastructure and human resources, as one of the three main priorities of the Vice Presidency for Science and Technology.
According to the public relations office of the Venture Capital Association, Seyed Mohammad Hossein Sajjadi Neyeri, the chairman of the association’s board, discussed several key issues concerning the innovation financing ecosystem in the meeting with the Vice President. Some of these challenges include facilitating the implementation of the Knowledge-Based Production Leap Act, developing the capacity for venture capital as a catalyst for the growth of the knowledge-based economy, leveraging the potential of capital markets, the stock exchange, and over-the-counter markets, removing obstacles to the public listing of startups, utilizing crowdfunding opportunities, and policy-making to improve investment in early-stage startups and strengthen experienced GP institutions.
The chairman of the Venture Capital Association also presented several proposals for collaboration between the association and the Vice Presidency. These proposals include:
-Utilizing the capacity of the association’s members in the financial systems and financial brokerage resources of the Vice Presidency.
-Enhancing the venture capital investment capability of the association’s members by facilitating licenses, creating incentives, and providing risk coverage by the Vice Presidency and the Innovation Fund.
-Entrusting the creation of a Venture Bank (instead of a Knowledge-Based Bank) to the association and supporting its realization.
-Developing a model and system for improving the performance quality of funds and implementing it.
-Organizing a national innovation financing event with the leadership of the Vice Presidency and the Innovation and Prosperity Fund, and introducing impactful figures.
-Supporting the association’s membership in decision-making bodies related to innovation financing (such as the acceptance committee for the NoAfarin Board, acceptance of venture capital funds in the stock market, and acceptance of crowdfunding platforms).
Hossein Afshin concluded by expressing optimism about the early scheduling of this meeting and emphasizing the cooperation and interaction of the Vice Presidency with professional organizations.
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