Journal of Improvement Management

Journal of Improvement Management

University Affiliated Venture Capital as a Nontraditional Venture Capital, a Case Study in Iran University of Science and Technology

Document Type : Research Article (Original Article)

Authors
1 Associate Professor, Faculty of Industrial Engineering, Iran University of Science and Technology, Tehran, Iran.
2 MSc in Executive Management, School of Management, Economics and Progress Engineering, Iran University of Science and Technology, Tehran, Iran.
Abstract
The venture capital is one of the most important infrastructures for technological entrepreneurship, which facilitate growth of new technology based firms not only by providing financial resources, but also through business development services (such as managerial helps or council). So, a gap in the venture capital industry or the unattractiveness of private sector for independent venture investors are the obstacles which the entrepreneurs faced, the reaction of policy makers will be intervention, to shape venture capital funds, these kind of funds are categorized as nontraditional VC funds. Therefore university affiliated VC funds are kinds of nontraditional funds which develop to facilitate creating university spin-offs and to support commercialization of research outcomes. This paper investigates a model which has been developed for creating a nontraditional VC fund, and then the model is localized for shaping a university affiliated venture capital fund in Iran. As a case study, this model is applied for university of science and technology.
Keywords

Volume 5, Issue 3 - Serial Number 13
Autumn 2011
Pages 102-122

  • Receive Date 05 February 2017
  • Revise Date 23 April 2021