The Non-Governmental Research and Technology Fund for Corporate Venture Capital of the Persian Gulf Petrochemical Industries, officially referred to as the PGPIC CVC Fund, is a subsidiary of the PGPIC. The fund is specifically established to invest in innovative and high-impact projects within the strategic areas of the petrochemical sector.
Known globally as Corporate Venture Capital (CVC) entities, such funds are typically launched by large corporations or industrial groups to systematically support technological innovation and process improvement. Their primary goal is to create added value across the value chain while maintaining alignment with long-term strategic and sustainability goals.
The PGPIC CVC Fund actively leverages venture capital (VC) tools to identify and nurture startups and technology companies working on breakthrough solutions in chemicals, energy, and industrial transformation. It plays a pivotal role in expanding the innovation ecosystem in Iran and strengthening the global competitiveness of the Persian Gulf petrochemical sector.