Baku 29° C
New $4M venture fund established in Azerbaijan
Business
- 10 October, 2024
- 08:23
A new venture fund with a capital of $4 million has been established in Azerbaijan, Report informs.
In this regard, a Memorandum of Understanding (MoU) was signed within the framework of the INMerge Innovation Summit.
The MoU was signed by Inara Valiyeva, the Chairperson of the Innovation and Digital Development Agency in Azerbaijan, Irem Yilandil, representative of Trendyol in Azerbaijan, Yasin Jalilov, Deputy Executive Director of the Azerbaijan Investment Company, and Farrukh Aliyev, CEO of the newly established Future Lab under PASHA Holding.
Each party allocated $1 million to the venture fund. The fund aims to support the ecosystem in Azerbaijan by ensuring financial availability for startups and innovative projects.
Author
Latest News
17:58
Hungarian parliament elects Andras Baka as new president
Other countries17:50
US military helicopter fires on Panama-flagged vessel in Gulf of Oman
Other countries17:39
Video
Colombia earthquake death toll exceeds 220 — UPDATED-11
Other countries17:20
ASCO sustains growth momentum in dry cargo transportation
Infrastructure17:02
Azerbaijan receives 250,500 manats in taxes from social media platforms
Finance16:46
Pakistan's interior minister visits Iran
Region16:19
Ceuta mayor: Up to 10,000 migrants remain in the city
Other countries16:06
Cargo vessel hit by unknown projectile off Yemen
Other countries15:51