The authorized capital of “White Hill Capital” will initially be formed within the framework of financing by the Innovation and Digital Development Agency, said Farid Osmanov, Chairman of IDDA, in a statement to journalists, APA- Economics reports.
He stated that an initial $1 million will be allocated to the fund, and relevant negotiations are underway.
“The INMerge venture fund has already been established, and the fund is actively working to provide financing opportunities for relevant startups,” F. Osmanov added.