Iranian Research Organisation for Science and Technology Journal of Technology Development Management 2008-5060 11 1 2023 05 22 Investigating the open innovation policy tools aimed at supporting Iranian New Technology-Based Firms Investigating the open innovation policy tools aimed at supporting Iranian New Technology-Based Firms 41 84 1347 10.22104/jtdm.2023.5938.3091 FA Kiarash Fartash Faculty Member, Deparment of Science and Policy Making, Institute of Science and Technolog Studies, Shahid Beheshti University, Tehran, Iran. Mostafa Safdari Ranjbar Faculty Member, Deparment of Industrial and Technology Management, Faculty of Management and Accounting, College of Farabi, University of Tehran, Qom, Iran. Zaynab Shariati MBA, Sharif University of Technology Journal Article 2022 11 04 In this paper, we investigate the implementation experience, performance, and challenges of open innovation tools under the law for supporting New Technology-Based Firms (NTBFs) from 2012 to 2022. This law is the most important national initiative for supporting innovative and technologically capable firms entailing more than 110 tools – of which 10 tools are dedicated to supporting open innovation and we focus on them in this paper. By adopting a qualitative research method and we conducted a content analysis of data gathered from semi-structured interviews, reports, and documents pertinent to open innovation (inbound, outbound, and coupled) tools. Our findings reveal that events and networks and meeting the technological needs of large companies are the two tools with higher influence on performance in match-making and the exchange of ideas and knowledge among NTBFs. Compared to international experiences, the creation and diffusion of knowledge and joint research are less supported tools in Iran. Assessing open innovation tools, policy-level open innovation coordination, and encouraging large public firms toward engaging in open innovation, are the key practical and theoretical implications of this paper. In this paper, we investigate the implementation experience, performance, and challenges of open innovation tools under the law for supporting New Technology-Based Firms (NTBFs) from 2012 to 2022. This law is the most important national initiative for supporting innovative and technologically capable firms entailing more than 110 tools – of which 10 tools are dedicated to supporting open innovation and we focus on them in this paper. By adopting a qualitative research method and we conducted a content analysis of data gathered from semi-structured interviews, reports, and documents pertinent to open innovation (inbound, outbound, and coupled) tools. Our findings reveal that events and networks and meeting the technological needs of large companies are the two tools with higher influence on performance in match-making and the exchange of ideas and knowledge among NTBFs. Compared to international experiences, the creation and diffusion of knowledge and joint research are less supported tools in Iran. Assessing open innovation tools, policy-level open innovation coordination, and encouraging large public firms toward engaging in open innovation, are the key practical and theoretical implications of this paper. https://jtdm.irost.ir/article_1347_e5b966ccd04ccfd90c7b671bb618f1d9.pdf