Azerbaijan's Innovation And Digital Development Agency Supports Dev't Of Alternative Funding Sources
(MENAFN- Trend News Agency) BAKU, Azerbaijan, March 2. Azerbaijan's Innovation and Digital Development Agency supports the
development of alternative sources of funding in the country, said
Inara Valiyeva, Chairman of the Innovation and Digital Development
Agency under Azerbaijan's Ministry of Digital Development and
Transport, trend reports.
She made the remark at the conference on the topic:
'Prospects for the development of alternative financial markets in
Azerbaijan'.
According to her, the agency, with the support of
startups and startup projects, aims to increase the number of
fintechs in the country.
'We are ready to help startups in accelerating
projects, attracting investments, and presenting the project to
investors. We expect that the Azerbaijani venture fund will serve
as a good platform for financing small startup projects,' she
said.
Valiyeva said that it is expected to increase the
capital of the venture fund by $20 million this year.
'The creation of such and other alternative sources of
financing for SMEs and startup projects will become a driver of
entrepreneurship development in our country,' she said.
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