By publishing the annual financial report of this group, the first startup business company has announced that it has received 275 incoming projects in one year, and has announced the conclusion of the contract and final investment on 9 projects in the period from January 2019 to February 2014. Electronics and advertising have been the biggest areas supported by this company.
first move As a venture capital arm MCI It has progressed in providing financial capital and partnership and consulting to start-up businesses in various fields towards their development. In fact, the first movement has defined its mission as empowering the ecosystem in the role of a venture capitalist and its vision is to become a leading actor in the field of venture capitalists in the country.
First move investment regulations
To get investment from the first move, a clear path is presented in this report, which includes 8 basic steps. In the first stage, the request will be sent to the introduced email, and in the second stage, the screening will proceed based on the review of the plans and their alignment with the goals of the first movement.
The initial assessment and approval of the initial assessment in the investment committee are the third and fourth steps. In the fifth stage, the valuation will be approved in the committee, and in the sixth stage, the transaction structure will be done in the board of directors, and in the seventh stage, the contract will be concluded after the final negotiations.
The eighth and final stage is to review and verify the information and documents of the plan and determine the commitments of the board of directors of the businesses to the first move.
The following table is an overview of the performance of the first movement from January 2019 to February 2014. According to this table, there were 275 input plans during this period, 25% of which reached the screening stage. 30% of the screening stage has reached the initial evaluation stage, 86% have passed the initial evaluation in the IC committee and have reached the detailed evaluation.
Finally, by going through the 8 stages that were mentioned earlier in the report of the financial year of the first movement, 9 projects out of 275 projects entered the stage of concluding the investment contract.
But in such a situation, paying attention to the reasons for non-approval of businesses is a significant help, based on which businesses will be able to be more prepared to attract investment and support the first move. The most important reason that led to the targeting of 55% of businesses is the lack of compliance with the business life stage.
In the second stage, 20 percent of the plans were rejected due to the lack of approval of the plan’s capabilities, and another 10 percent were not approved in the first step due to non-compliance with the investment area. Of course, one of the interesting points of this report is the distribution section of businesses that have been supported by the first move.
In this process, 25% of businesses are in the field of e-commerce and advertising, and 13% are related to businesses in the field of innovative technologies. The pie chart below has a look at the same distribution.
According to the information published in this report, the highest number of plans received by Harak Aol was in December, November and September 1400 with 30, 29 and 28 plans respectively. Also, in April and May of 1400, the first companion received the least amount of designs, which was only 12 designs.
The first move attempt to create new financial markets
first move In the first part of the 1400 financial year report, this group has defined its key values as boldness, agility and empowerment. Also, its main strategy is to participate in Iran’s digital ecosystem, invest in value-creating startups and create new financial markets.
First move has introduced its main focus by announcing the two approaches of financial return and the path of value creation with the main business along with first. Also, the secondary focus of this collection is the impact on the country’s digital ecosystem.
in fact first move In this report, he emphasized that he supported his portfolio businesses, including Mechanik, Achareh, Obar, to acquire capital, and participated in their capital increase.
Also, the first move has entered Pinket’s business by injecting capital. In the continuation of these investments, we see that MCI In the new fiscal year, it has entered Ala, Address, Pulz, Netbox businesses.
This company stated the purpose of its entry to support these businesses is to develop and promote the country’s innovation ecosystem. According to the performance of the first move, it seems that this company has progressed correctly according to its initial plan and goals.
In this report, Harak Awl emphasizes that this year the triple acceleration arms of Harak Awl, including Shahid Beheshti, Isfahan and Shiraz University, held a total of 13 calls, as a result of which 23 startups signed investment contracts. In this regard, the first movement has received its knowledge-based license in December 1400.
first move In the first chapter of its 1400 fiscal year report, it introduced the members of the board of directors as well as its vice-presidents and managers, the details of which you can see in the full text of the report.
The first move and development of innovation and entrepreneurship ecosystem
The first movement has also entered the investment rounds by participating in the investment funds by entering into the stars extra fund, the first entrepreneur fund. It has also established a partnership agreement with three accelerators of top universities and has had a significant partnership with institutions and key players of the ecosystem. The table below shows the details of the communication process.
These activities have also led to the development of functional achievements of the first movement. The first step in this process has managed to check the performance of 718 businesses and, as mentioned before, has arranged cooperation with other businesses.
The investment portfolio of the first move group also includes Achareh, Jajiga, Pinket, Obar and several other businesses, which are discussed in the picture below.
Trying to make the first move in the path of networking
Another part of the financial report of the year 1400 of the first movement has dealt with the plans of this company in order to establish communication and networking. Also, emphasizing the performance of the first move towards becoming a successful VC, this report lists the characteristics of a successful VC based on global alignment.
Long-term view, smart money and communication and networking are just three of these features that the first movement emphasizes has progressed in their direction.
However, this issue will not be achieved alone and requires intelligent development and planning. According to the explanation of the financial report of Hamar Awal, producing unique content, advertising and conveying the brand message, as well as public relations and networking are the tools used by Hamar Awal in shaping the flow of communication and networking.
First movement and acceleration
The financial year report of the first movement in the third quarter focuses on the acceleration flow and this company. This report shows that the first step has been progressed by evaluating and determining the selected startups, providing a shared work space, providing mentorship and advice, holding training workshops, creating and sharing a communication network and other side supports in order to support and accelerate startups. .
Beheshti, Isfahan and Shiraz hubs have moved towards supporting startups by monitoring the implementation of approved plans and processes as well as financing investment contracts.
In this process (Ol Beheshti Smart Company), Hub Beheshti was able to pay attention to the startups Drespoli, Aman Azmoun, Sedre, Jang Mellis and Smart Daro. These startups are active in the fields of education, artificial intelligence and games and passed through several stages to reach the final stage.
Hub Isfahan also received 320 ideas during three call periods, and finally 8 plans were approved by the board of directors. Jim Shoud in the field of health, Ark.A, Hira and Al-Molek in the field of Smart City and Travelgram, Vinoper and Torbeh in the field of tourism, Sarafeh in the field of fintech, Zimatek in the field of games and Fiterfax in the field of games were the eight startups that were selected by Hub Isfahan. were supported
Hub Shiraz received 184 ideas during two periods and finally 8 teams were supported. The dispersion of these startups shows that the activities of the startups that are supported by Hub Shiraz are mostly in the field of health.
In its financial year report, the first movement emphasized that the goal of this company is the growth and development of portfolio companies, and in this regard, it provides consulting services in the fields of business development, marketing and sales, human resources, legal and financial, and the establishment of audit systems. Gives.
A comprehensive look at the first financial year report shows that this company has tried to support and provide advice to businesses during its activity. This company also intends to advance further in the process of this empowerment in its future plans and provide the possibility of effective communication between portfolio players and related industries.