NEWSROOM

Boğaziçi Ventures to start operating in Azerbaijan

Boğaziçi Ventures to start operating in Azerbaijan
22 September 2020

A representative office of Boğaziçi Ventures begins its activities in Azerbaijan with the support of the Azerbaijan Innovation Agency. This is the first time such cooperation has taken place in Azerbaijan.


*** This release is originally published in Turkish.
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ISTANBUL (TR) - According to the assessment of Boğaziçi Ventures, one of the leading venture capital investment funds in Turkey, the speed of development of information technologies and innovations in Azerbaijan creates favorable conditions for launching venture activities in the region.

The main goal of Boğaziçi Ventures is to ensure the rapid development of Azerbaijan-based enterprises and presence in foreign markets through access to financial resources. In addition to strengthening the overall economy of the region, Boğaziçi Ventures is expected to attract attention to the region as a result of the active growth of local initiatives in recent years and to play an important role in the transformation of Azerbaijan into a regional technology centre.

Erkan Ozoral, Turkish Ambassador to Azerbaijan and Turan Almammedov, representative of the BV Azerbaijan office attended the opening ceremony.

At the event, Tural Karimli, Chairman of the Directors Board of the Innovation Agency, informed publicity about their current work and future plans for developing innovation and high technology in Azerbaijan. Extensive collaboration opportunities for potential local startups with Boğaziçi Ventures were also discussed.

The main objective of Boğaziçi Ventures is to provide rapid development and access to foreign markets by providing both financial support and worldwide visibility to promising enterprises in Azerbaijan. As a result of the active growth of local initiatives in recent years, it is expected that attention will be drawn to the region while the opening of an enterprise fund in Azerbaijan will play an important role in strengthening the overall economy of the region and boosting countries’ transformational processes.