Kazakhstan's QazTech Ventures to fund Uzbek startups
BAKU, Azerbaijan, Sept. 25
By Klavdiya Romakayeva - Trend:
Kazakhstan venture fund QazTech Ventures will allocate up to $250,000 to Uzbek startups, Trend reports with reference to the Center for Support of Youth Entrepreneurship in Uzbekistan.
Center for Support of Youth Entrepreneurship announced that during online negotiations with Kazakh colleagues from QazTech Ventures, an agreement was made that startups from Uzbekistan will be able to apply for venture capital investments of up to $250,000 for each project.
Submission of applications is completely free and requires startups to fill out a special application form on the Yosh Tadbirkor (Center for Support of Youth Entrepreneurship) website.
Startups applying must be active players in the market, have income and earnings before interest, taxes, and depreciation.
Earlier, QazTech venture programs were available only to residents of Kazakhstan.
QazTech Ventures was established in 2019 to promote the development of technology entrepreneurship through venture funding, business incubation, and technology consulting tools. It is part of the structure of Baiterek National Managing Holding JSC in Kazakhstan.
The Center for Support of Youth Entrepreneurship in Uzbekistan provides young entrepreneurs with financial and informational support.
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