Information on the selection of the management company and the creation of the Early stage venture fund (ESVF)

On the 15th of April 2021 by the order of the Minister of digital development, innovations and aerospace industry of the Republic of Kazakhstan № 132k JSC "National Info-Communication Holding "Zerde" (hereinafter - Zerde) is determined as the coordinator for the implementation of the sub-component "Early Stage Venture Fund Formation" under the PSPI.

On July 30, 2021, a competition for the management company of the Early stage Venture Fund was announced on the websites of MDDIAI, SUE and Zerde.

On September 15, 2021 a meeting of the Tender Commission for the selection of the management company for the VIFF was held. A ranked list of three participants was formed.

On October 6, 2021, the World Bank approved this ranking list.

On December 13, 2021, the following documents were approved by the WB and signed by MDDIAI with White Hill Capital Ltd:

1)  WHC TECH VENTURES LP Limited Partnership Agreement;

2)  Proposal Materials [WHC VFRF Guide].


On December 15, 2021, an Early Stage Venture Fund (LP White Hill Capital) was registered with MFCA.