Venture association to be established in Azerbaijan

Venture association to be established in Azerbaijan
# 13 November 2019 14:46 (UTC +04:00)

Small and Medium Business Development Agency (KOBIA) is holding discussions on the establishment of venture association, Chairman of KOBIA Orkhan Mammadov told APA-Economics.

According to him, the measures in this direction have been already started two weeks and several meetings have been held regarding the theme.

“Although it is a bit new theme for Azerbaijan, I believe that the combination of funds under one association is very important. Recently, further improvement of the investment environment in the country is obvious and venture funds may play a great role in the involvement of foreign investors in the country. I hope that we will establish a venture association next year and it will start to operate. The association certainly, first of all, will include local companies and in the future the foreign companies,” O.Mammadov stated.

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THE OPERATION IS BEING PERFORMED