Despite the fact that Kazakhstan has a number of venture capital funds, there are very few examples of venture financing of technology-based enterprises and enterprises in the early stages of development. Created Early Stage Venture Capital Fund will expand access to technology start-ups for funding on early stages of development and will provide a demonstration effect of commercial viability of these investments. It is expected that the successful implementation of this will attract other venture capital firms to early-stage funding of technology enterprises.
The Fund is aimed to provide financing to tech start-ups and professional assistance for development of company. The Fund is planned to start working in 2019.