Investigation of effective elements on venture capital in Iran’s Biopharmaceutical industry

Since several last decades, the world has encountered with different and uniqueconditions which its essential component is rapid changes in technology. The abovementionedchallenge has encountered the activity of institutes with a new literaturewhich its structure is based on creating pivotal advantage of institutes until they areable to become the creator of technology by themselves or at least become parallel tothese changes. Capital under such conditions is difficult and needs paying attention tocomplex parameters. In the same direction, the issue of venture capital was generated.The main reason for it is high risk of investigations and expensive costs of it as wellas the presence of numerous knowledge-based actors. In this research, it is attemptedto identify and analyze the effective factors on venture capital and a sector which isaddressed, is Iran’s biopharmaceutical sector. For this purpose, the researcher engagedin answering this question, Virtually, what are the effective factors on venture capitalin Iran’s biopharmaceutical industry? which the main purpose of it is to examine theeffects of effective factors on venture capital and indentify the function of effectivefactors on venture capital in Iran’s biopharmaceutical industry. In this direction, fourmain effective variables on venture capital are recognized, including: governmentalpromoters, entrepreneurship culture, research and development costs and products’marketing.Research methodology is of survey kind in which the data is collected through thequestionnaire. 66 questionnaires were collected among 7 main target companies.Research results show that product marketing and research and development costshave the most (greatest/highest) and the least (lowest) effect on the venture capital inthis field, respectively.

کلیدواژه ها:

Venture capital ، Research and development costs ، governmental promoters (motivators) ، biopharmaceutical industry