This was reported by the website of the Union of Industrialists and Entrepreneurs of Turkmenistan, referring to the statement of Alim Hamitov, managing partner of the private venture capital fund of Central Asia MOST Ventures, which he made, speaking within the framework of the project “Business opportunities for mentoring and investment” in Ashgabat:
- Our fund includes at least one representative from each country in the Central Asian region. We really hope that we will have the same representative from Turkmenistan - a person or an organization who will professionally deal with venture capital investments.
MOST Ventures is committed to supporting regional IT business projects.
-Someone may say that the market in Central Asia is not ready for the development of venture investment: there is no relevant legislation, there are no other conditions. But a more important thing has been formed in our region - human capital. We have committed people who come up with amazing projects, - added Hamitov.
Venture funds are business associations that are ready to financially support risky but potentially highly profitable business projects of start-up entrepreneurs.
The development of venture financing in Turkmenistan is facilitated by the Union of Economists of the country, which is implementing several projects in this direction with the support of partners.
The first national community of business mentors and venture capitalists is expected to be created in Turkmenistan as part of the events held by SET, which will support the innovative ideas of young entrepreneurs, the source said.