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The EBRD promotes the formation of venture business in Turkmenistan

22.09.2023 | 18:58 |
 The EBRD promotes the formation of venture business in Turkmenistan

The European Bank for Reconstruction and Development, with the financial support of the European Union, organized another series of trainings on venture investments in Ashgabat.

Reference: Venture investments are a type of investment in young and promising, but high—risk projects, usually associated with innovative technologies. The goal of venture investors is to get a high profit from the growth in the value of the companies in which they have invested.

The EBRD project has already contributed to the formation of the first community of business angels in Turkmenistan - entrepreneurs and experienced specialists who are ready to invest money and personal time in supporting startups. This was noted by the training participants themselves.

Private firms have also begun to be created in Turkmenistan, directly focused on finding promising startups in order to further help them look for investors and develop business on a mutually beneficial basis. The EBRD attended the event, including a representative of one of these companies.

The participants of the training were interested in issues related to the legal aspects of venture investment, determining the viability of startups at an early stage of development, communication with startups after investing funds.

The training is conducted by experienced experts of the MCT Agency consulting company, who share their knowledge and practical advice on working with venture projects. Participants also have the opportunity to ask questions and discuss specific cases from their experience.

At the end of the three-day training, it is planned to hold a meeting of course participants with representatives of startups who want to attract investment in their projects.

The purpose of the EBRD training, funded by the European Union, is to develop the ecosystem of innovation and entrepreneurship in Turkmenistan, as well as support local startups and investors through various training and networking events.

Photo: ORIENT editorial offices

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