The Annual General Assembly of the Iranian Venture Capital Association was held on October 2, 2024, at the Isfahan Science and Technology Town. The assembly was officially convened in accordance with the association’s bylaws and legal regulations, with the presence and formal confirmation of the inspector from the Ministry of Cooperatives, Labor, and Social Welfare.
The meeting was attended by association members, the board of directors, auditors, and the official representative of the Ministry of Labor. During the session, reports on the association’s performance and financial status for the fiscal year ending 2023 were presented and reviewed.
At the beginning of the session, Dr. Seyed Mohammad Hossein Sajadi-Neyeri, Chairman of the Board of the Iranian Venture Capital Association, delivered a comprehensive report on the actions taken by the board during the past term and outlined the association’s future plans. He elaborated on the association’s efforts in policymaking, engagement with governmental bodies, support for financial institutions active in venture capital, and expansion of collaboration across the innovation ecosystem.
Following this, the board secretary presented a report on executive processes, annual activities, member engagement, and the secretariat’s efforts in facilitating the association’s interactions. The treasurer then provided a report on the financial status of the association, including income, expenditures, and resource allocation. The legal auditor confirmed the accuracy of the financial statements based on the reviewed documents and emphasized transparency and adherence to auditing standards.
Members of the assembly highlighted the importance of strengthening international cooperation, attracting foreign investment, and the association’s role in bridging startups and investors. Additionally, the need to enhance technological infrastructure and simplify investment processes was discussed as a key focus for upcoming initiatives.
Key points emphasized during the session included maintaining the independence of the association, reinforcing its role in venture capital policy-making, and increasing engagement with regulatory institutions, research and technology funds, and other stakeholders within the national innovation ecosystem. Members also stressed the need to boost collaboration among members and enhance the services provided by the association.
The meeting’s agenda consisted of three main items:
- Hearing the Board of Directors’ report on last year’s performance and upcoming plans
- Reviewing and approving the financial statements for the fiscal year ending 2023
- Electing the legal auditor for the fiscal year 2024
At the conclusion of the session, after discussions and exchanges of views among members, the financial statements were approved, and the legal auditor for the fiscal year 2024 was duly elected in accordance with legal procedures.
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