جاويد مختاري

Today, knowledge-based companies are a vital factor for the country's economic development and in fact the engine of growth and development. These companies, which are the result of innovation, have many problems in financing and raising capital. Meanwhile, one of the most important issues for governments is their role to cover the shortcomings in financing knowledge-based companies.Innovation and Prosperity Fund as an independent governmental superfund to commercialize innovations and inventions and apply knowledge and research achievements since 2019, in an innovative step in the country's knowledge-based ecosystem, has been participating in co-investment to finance knowledge-based companies. Investigating the Innovation and Prosperity Fund Intervention Model in the Partnership of Venture Capital is the main objective of this thesis. Considering the emergence of investment partnerships in Iran, there is very little internal research background in this regard. According to the research variables, the statistical population consists of managers and experts of the co-investment funds, managers and experts of the Innovation Fund is flourishing, and for analyzing the data, the grounded theory method has been used. Using MAXQDA software, the first level categories were extracted from the interviews and then the central coding of the interviews was done.After the results of axial coding, the selected codes are divided into 5 categories according to Strauss and Corbin model and the final model is extracted. The results show that the co-investment intervention of the Innovation and Prosperity Fund while causing risk covering, lack of direct intervention in the issue of participation, specialization of investment affairs, facilitating withdrawal, increasing liquidity power and the ability to apply the policy making of the Innovation and Prosperity Fund but, on the other hand, the lack of concentration of the Fund to monitor the details of all contracts, the lack of real and capable private sector participation, the longevity of the eva‎luation process, reduces the efficiency of the partnership.Of course, it is necessary to reduce bureaucracy and unnecessary eva‎luations, to eva‎luate competency and capacity assessment with greater accuracy to discover capable private companies with qualifications. Among the positive outcomes extracted from this model, the risk cover and the lack of direct intervention in the issue of participation are the most repeated.

سرمايه¬گذاري خطرپذير , هم سرمايه¬گذاري , صندوق نوآوري و شكوفايي

venture capital , co-ninvesment , Iran National Innovation Fund

javid mokhtari

miad salehi