...

Venture fund in IT sphere being set up in Azerbaijan

ICT Materials 11 October 2017 16:31 (UTC +04:00)

Baku, Azerbaijan, Oct. 11

By Huseyn Valiyev – Trend:

A venture fund and an investors club in the IT sphere are being established in Azerbaijan, a source in the country’s IT market told Trend.

Preparatory work for their establishment is currently underway, said the source.

The Sinam, BestComp, Neuron Technologies, Azercell, Enginet, Hesab.az and other companies will join the investors club. This will be the classic form of investment activity that envisages participation of investors in the project development as shareholders.

Creating such a club is important as this will help commercialize the ideas that require financial investments.

Tags:
Latest

Latest