IRVC Publishes 2021 Annual Performance Report on Members’ VC and Innovation Financing Activities
On November 16, 2022 (25 Aban 1401), the Iranian Venture Capital Association (IRVC) held its 10th Annual General Assembly at the Tehran International Exhibition Center. Over 70 members attended the session, which included a formal presentation of the Annual Report for 2021 (1400 SH), summarizing the financing activities of its member institutions.
IRVC, a nonprofit association licensed by Iran’s Ministry of Cooperatives, Labour and Social Welfare, has played a pivotal role over the past decade in promoting venture capital and collaborating with public innovation institutions across the country.
The 2021 Annual Report, based on self-reported data from active members, outlines the performance of the VC and innovation financing sector in Iran. IRVC currently represents more than 120 financial institutions, including:
Research & Technology Funds
Private VC firms
Exchange-listed venture capital funds
Innovation service providers
Accelerators
Angel investors
Key Financial Highlights from 2021 (1400):
Guarantees issued: IRR 3,610 billion
Loans disbursed: IRR 1,340 billion
Venture investments made: IRR 2,214 billion
This data reflects submissions from members who submitted performance records to the IRVC Secretariat during the reporting period.
IRVC’s role has evolved significantly, especially in light of recent developments in Iran’s national innovation strategy. The Association has secured official representation in several high-level platforms, including:
The Strategic Council for Technology and Knowledge-Based Production
The Financing Task Force for the Digital Economy
The National Entrepreneurship Organization
Dr. Abbasali Karshenas, IRVC Secretary, emphasized that the report not only informs current stakeholders but also introduces venture capital as an emerging asset class to capital market participants, financial institutions, pension funds, and investment holding companies.
As IRVC enters its second decade, it continues to expand its influence through policymaker engagement, ecosystem-building, and positioning venture capital as a key pillar of Iran’s innovation-driven economy.
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