JSC «QazTech Ventures» will develop the venture capital market of the country

JSC «QazTech Ventures» will develop the venture capital market of the country
News 25.02.2019

As part of achieving the goals set by the head of state to ensure the diversification of the economy and the development of the venture capital market in Kazakhstan, after the adoption of the law on venture financing, following the transformation of JSC “National agency for technological development” into JSC “QazTech Ventures”.

The main tasks of the new Company will be the development of the private capital market through venture financing, the support of private business incubators, the provision of technology consulting services, as well as training programs.

Thus, JSC “QazTech Ventures” plans to work on the creation of venture capital funds aimed at supporting technology companies in Kazakhstan.

As part of the business incubation support tool of the Unified Program “Business Road Map-2020”, co-financing of the activities of incubators will be provided through reimbursement of their operating expenses, as well as financial support for projects that are residents of these incubators.

Technology consulting will include technology brokerage, technology audit of enterprises and project expertise.

At the same time, we inform that JSC “QazTech Ventures” stops the implementation of operator activity of the program of providing innovative grants to the Ministry of Industry and Infrastructure Development of the Republic of Kazakhstan.

Yours sincerely,

Press service of

QazTech Ventures +7 (7172) 57-10-14