On Saturday, December 5, the CEOs and representatives of the Research and Technology Funds that are members of the Iranian Venture Capital Association convened at the Innovation and Prosperity Fund to elect the new Board of Directors of the Funds Commission for the upcoming two-year term. The election was held with active participation from the Funds, and the new composition of the Board was determined.
Elected Board Members:
- Nima Rouhani – Karimeh Qom Fund
- Hossein Joghatayi – Science and Industry Fund
- Gholamreza Shamsheiri – Advanced Industrial Technologies Fund
- Seyed Mehdi Sadat Hayatshahi – Creative Industries Fund
- Hamideh Razavi – Khorasan Razavi Fund
Alternate Members:
- Mohammad Mehdi Rahimi Razavieh – Machinery Fund
- Mahmoud Moradi – Gilan Fund
Given the diversity and breadth of issues within the Research and Technology Funds ecosystem, the newly elected Board has been tasked with prioritizing key topics and developing a coherent program to address the primary challenges facing the Funds.
Based on the demands and concerns raised during the meeting, the Board is expected to place a set of critical issues on its priority agenda, including: support and regulation of guarantee letters and related processes, pursuing authorization to issue Technology Development Bonds, leveraging tax credit mechanisms, developing standard contractual templates, finalizing back-to-back support contracts for payment guarantees, ranking the Funds, drafting qualification regulations for CEOs and board members, and designing self-regulatory mechanisms for addressing professional misconduct.
Additionally, the development of capacity-building activities for the Funds—such as specialized training programs for CEOs and mid-level managers, experience-sharing sessions, and holding Commission meetings in provincial Funds—was highlighted as a key expectation. Introducing the capabilities of the Funds to the newly appointed management of the Innovation and Prosperity Fund, planning to utilize government bond instruments, and strengthening engagement with regulatory bodies to enhance the Funds’ institutional standing were also emphasized.
The meeting underscored the vital role of Commissions as technical arms of the Association, demonstrating how structured planning, strategic prioritization, and professional mechanisms can facilitate the development and empowerment of the Research and Technology Funds, while advancing effective professional collaboration across the innovation ecosystem.
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