Although a limited number of venture funds exist in Kazakhstan, there have been minimal transactions for early stage and technology-based companies. Availability of early stage finance remains problematic. The sub-component attempts to make early stage financing available for technology start-ups and provide a demonstration effect of commercial viability of these investments. This demonstration effect is expected to attract other VC companies and therefore would allow a critical mass of early stage and venture capital to evolve.
The purpose of this fund is to provide financing technological start-ups and professional assistance for the development of the company. It is expected that the Fund will start operating in 2017.