BAKU, Azerbaijan, October 10. During the INMerge Innovation Summit, a new venture capital fund was established in the region, Trend reports.
The first day of the INMerge Innovation Summit, organized by PASHA Holding, took place on October 10, 2024. During the summit, the new INMerge Venture Capital Fund was founded. The founding parties of the fund include PASHA Innovations, the Innovation and Digital Development Agency, the Azerbaijan Investment Company, as well as the Trendyol Group.
“As PASHA Innovations, we are very proud that the foundation of this fund was laid during the Inmerge Summit. I believe that our fund will become one of the key tools supporting bright ideas,” said Farrukh Aliyev, CEO of PASHA Innovations.
Under the framework of the INMerge VC fund, investments are planned for startups from the Caucasus and Central Asia, Central and Eastern Asia, as well as the Middle East and North Africa regions.
