Turkmen business studies the basics of venture capital investment with the support of the EBRD
The European Bank for Reconstruction and Development has organized a series of trainings for Turkmen entrepreneurs dedicated to venture investments in young startups within the framework of EU-funded activities to form an investor community in Turkmenistan.
Venture capital investments are a type of high—risk, but at the same time potentially high-yield investments in young startups at the early stages of their existence. For example, Uber, which eventually became international, was initially a little-known startup that eventually attracted $11.5 billion in venture capital investments.
The events organized by the EBRD are aimed at forming an investor community in Turkmenistan and creating an ecosystem that will contribute to the development of promising startups with the potential to enter the international market.
On November 3, the speaker at the training was Alim Khamitov, managing partner of the private venture fund MOST Ventures and co-founder of the UMAY business angels club from Kazakhstan. He shared his experience in financial and non-financial support of startups in the region and the formation of an ecosystem in which promising business ideas of young entrepreneurs are encouraged.
As the invited speaker noted, Central Asia has great potential for the development of venture investment due to its impressive human capital. The support of small startups, especially in the field of information technology, can provide significant development of the economies of the countries of the region.
It is also noteworthy that the UMAY business angels club already includes members from Turkmenistan, which indicates the interest of local entrepreneurs in venture investments not only in national but also regional projects.
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