Azerbaijan Investment Company Invests In Israeli Technological Startup For First Time
Date
2/15/2023 3:06:39 AM
(MENAFN- Trend News Agency) BAKU, Azerbaijan, February 15. Within
the framework of the cooperation with the OurCrowd Company,
Azerbaijan investment Company (AIC) OJSC has invested $1 million in
a technological startup for the very first time, trend reports via the
tweet of Azerbaijan's Minister of Economy Mikayil Jabbarov.
'Israeli startup LARGIX, which has been invested in,
specializes in the development of industrial products,' said the
tweet.
In July 2022, an investment agreement was signed
between Azerbaijan Investment Company and OurCrowd Company
(Israel's leading global crowdfunding platform).
The investment portfolio value of Azerbaijan
Investment Company and the total approved investments amount
reached 240.3 million manat ($141.3 million) by the end of
2022.
The main task of the Azerbaijan Investment Company is
the long-term investment in individual joint-stock companies and in
other commercial organizations in the non-oil sector by means of
the acquisition of interests.
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