Agreement signed on joint participation in creation of InMerge venture fund

16:04 - 10.10.2024


October 10, Fineko/abc.az. Today, within the InMerge Innovation Summit, the Azerbaijani Investment Company, the Agency for Innovation & Digital Development, Pasha Innovation and Turkish company DSM Grup Danışmanlık Iletişim ve Satış Ticaret signed an agreement on joint participation in the creation of InMerge venture fund worth $4 million.

ABC.AZ reports that Economy Minister Mikayil Jabbarov, writing about this on social media accounts, stressed that the fund's activities will contribute to economic growth in developing countries by providing investments in start-ups in the regions of the Caucasus, Central Asia, Central and Eastern Europe, as well as the Middle East and North Africa.