New venture fund with capital of USD 4 million established in Azerbaijan

New venture fund with capital of USD 4 million established in Azerbaijan
# 10 October 2024 12:24 (UTC +04:00)

A new venture fund with a capital of USD 4 million has been established in Azerbaijan, a Memorandum of Understanding was signed in this regard during the INMerge Innovation Summit held in Baku, APA-Economics reports.

It was noted that the purpose of the fund's establishment is to contribute to the ecosystem in Azerbaijan and to ensure financial accessibility for startups and innovative projects.

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THE OPERATION IS BEING PERFORMED