Certification
of Chief Financial Officer

Pursuant
to Exchange Act Rule 13a-14(a) or 15d-14(a)



I,
Omar Billawala, certify that:



| | 1. | I
                                         have reviewed the Quarterly Report on Form 10-Q of Firsthand Technology Value Fund, Inc.;
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| | 2. | Based
                                         on my knowledge, this report does not contain any untrue statement or a material fact
                                         or omit to state a material fact necessary to make the statements made, in light of the
                                         circumstances under which such statements were made, not misleading with respect to the
                                         period covered by this report;
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| | 3. | Based
                                         on my knowledge, the financial statements, and other financial information included in
                                         this report, fairly present in all material respects the financial condition, results
                                         of operations and cash flows of the registrant as of, and for, the periods presented
                                         in this report;
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| | 4. | The
                                         registrant’s other certifying officer(s) and I are responsible for establishing
                                         and maintaining disclosure controls and procedures (as defined in Exchange Act Rules
                                         13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in
                                         exchange Act Rules 13a-15(f ) and 15d-15(f )) for the registrant and have:
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| | (a) | Designed
                                         such disclosure controls and procedures, or caused such disclosure control and procedures
                                         to be designed under our supervision, to ensure material information relating to the
                                         registrant, including its consolidated subsidiaries, is made known to us by others
                                         within those entities, particularly during the period in which this report is being prepared;
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| | (b) | Designed
                                         such internal control over financial reporting, or caused such internal control over
                                         financial reporting to be designed under our supervision, to provide reasonable assurance
                                         regarding the reliability of financial reporting and the preparation of financial statements
                                         for external purposes in accordance with generally accepted accounting principles;
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| | (c) | Evaluated
                                         the effectiveness of the registrant’s disclosure controls and procedures and presented
                                         in this report our conclusions about the effectiveness of the disclosure controls and
                                         procedures, as of the end of the period covered by this report based on such evaluation;
                                         and
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| | (d) | Disclosed
                                         in this report any change in the registrant’s internal control over financial reporting
                                         that occurred during the registrant’s most recent fiscal quarter (the registrant’s
                                         fourth fiscal quarter in the case of an annual report) that has materially affected,
                                         or is reasonably likely to materially affect, the registrant’s internal control
                                         over financial reporting.
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| | 5. | The
                                         registrant’s other certifying officer(s) and I have disclosed, based on our most
                                         recent evaluation of internal control over financial reporting, to the registrant’s
                                         auditors and the audit committee of the registrant’s board of directors (or persons
                                         performing the equivalent functions):
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| | (a) | All
                                         significant deficiencies and material weaknesses in the design or operation of internal
                                         control over financial reporting which are reasonably likely to adversely affect the
                                         registrant’s ability to record, process, summarize and report financial information;
                                         and
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| | (b) | Any
                                         fraud, whether or not material, that involves management or other employees who have
                                         a significant role in the registrant’s internal control over financial reporting.
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|Date: May 10, 2018                              | 
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|                                                | 
|                                                | 
|Omar
        Billawala

Chief
Financial Officer |