According to the belief of Javanmardi, The need for collective effort among business entities to solve the country’s basic challenges and announced that each of the big business entities can lead part of the national challenges and by using the capacity of venture capital firms, companies and startups in various fields, solve the country’s problems.
According to Iran digital economy annotation, the CEO of Fanap Group of Companies emphasized the prerequisite for our placement in the global ecosystem and pride in our achievements is to focus on domestic issues and allocate resources to solve these issues.
According to Fanap Public Relations and Branding Report, “Shahab Javanmardi”, in the “Corporate Venture Capital” panel held on Wednesday, January 27, explained about the role of CVCs in accelerating the path of development and innovation and solving the basic challenges of the country.
He said: “About 2 years ago, one of the serious issues raised in the field of business was that the traditional sector has the largest share of the gross domestic product (GDP) and if we are looking for change and transformation in the field of innovation economy, we must We can institutionalize innovation in traditional businesses. Accordingly, one of the most serious tools and solutions proposed for this purpose was corporate venture capital investment and the role of CVCs in this field.”
Expressing his happiness that the country’s largest industries entered the field of CVCs today, Javanmardi continued: “Today, we see that the politician has correctly used incentives to enter this sector so that capital can be directed towards the economy by using these incentives. Innovation led.”
Referring to the fears and hopes of venture capital companies (CVCs), he said: “The fact that these funds are coming to the field of innovation economy is definitely auspicious and it will cause institutional change and transformation in businesses and create hope in the innovative body of the country.”
But the worrying thing is that in this process, only the main issue, which is money and the market, is paid attention to, and other infrastructures are not paid attention to. For example, we do not look at the necessary legal infrastructure, the entry and exit of CVCs in the capital market, and the training of human resources that is needed to grow the new ecosystem.
The CEO of Fanap Group of Companies emphasized: “It is necessary for all CVCs, whether they are in the form of an organization or those that have entered this field as a dedicated entity, to pay attention to all the components that make venture capital effective. Otherwise, after a while, we will witness the presence of actors in this field who are only looking at temporary, short-term and medium-term profitability, and the issue of the value chain and paradigm shift that should happen in many industries has been neglected.”
He considered the country’s next step in the upcoming horizon as the need to solve the country’s basic challenges by CVCs and said: “It is necessary for our industries to move from individual movements to collective efforts.”
Javanmardi explained: “Today, our country is facing numerous and diverse crises, among which we can mention crises in the field of water, soil, pollution, energy, old age, etc. We have so many issues in the country that it may be considered an opportunity from a business point of view; But the problem is that we don’t have a unified approach to solving crises.”
According to him, we currently do not have an institution whose mission is to reduce energy consumption in the country. We do not have an institution whose mission is to make housing cheaper for the younger generation. We do not have an institution in the country that undertakes the integrated mission of optimizing water consumption. Javanmardi also pointed out: “In these examples, I am not talking about government organizations and institutions, and I am talking about a business entity that can manage such issues and recruit other businesses in this direction.”
The CEO of Fanap Group of Companies expressed his hope that in the next two years, we will see the presence of groups in this event, each leading a part of the national missions. This means that they have recruited CVCs, VCs, companies and startups from different fields and use the economy of innovation in that chain to solve the country’s challenges and issues.
He also said: “We must move from corporate issues to national issues and from corporate profit to national profit, and this change of approach will definitely bring business and corporate profit.”
According to the belief of Javanmardi, the prerequisite for our placement in the global ecosystem and pride in our achievements is to focus on the main domestic issues and allocate resources to solve these issues. Our current challenge at the level of the government, governance and private sector, which is seen many times, is that we are not ready to sacrifice anything and focus on one issue and spend resources on one issue.
According to him, if we focus on solving macro-issues, we will have solutions that will be not only national, but global and developable, and will be a trump card in the direction of innovation economy.
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