USAID Supports Central Asian Venture Forum in Almaty

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Venture

For Immediate Release

Thursday, June 9, 2022

June 9, 2022 Almaty, Kazakhstan – Today, the U.S. Agency for International Development (USAID), in partnership with MOST Ventures Fund, the European Bank for Reconstruction and Development (EBRD) and Freedom Holding Corp. held the Central Asian Venture Forum in Almaty.

The platform brought together business angels, who invest their money in the initial phase of startups in exchange for a stake, venture investors and funds, technology startups and corporations, and all those interested in the venture capital industry of Central Asia.

“The Central Asia region has tremendous potential with a skilled workforce and abundance of young talent that can create the industries of tomorrow,” Ryder Rogers, USAID’s Central Asia Regional Economic Development Office Director, said. “That’s why an event like today’s is so important. By bringing together some of the best and brightest startups from across the region, I have no doubt that great things will happen.”

The forum featured a dedicated area for Central Asian startups and countries. Ten best startups demonstrated their projects’ advanced technologies and capabilities. Each team showcased their offerings to foreign and local venture funds, demonstrating Central Asia’s emerging young talent and robust IT projects. 

The Central Asian Venture Forum (CAVF) is a platform for discussing challenges and opportunities for the development of the venture ecosystem in the region. Participants of the forum had an exclusive opportunity to build ties with potential partners within networking sessions. International experts shared their experience, views and ideas on how to develop the venture capital industry in Central Asia.

The first CAVF was held in 2021 in Tashkent, hosted by the Uzbekistan Venture Capital Association (UZVCA) and the UMAY Angels Club. The event has now become annual.

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USAID is the world’s premier international development agency and a catalytic actor driving development results.  For more information, please visit: https://www.usaid.gov/central-asia-regional

 

Last updated: July 25, 2022

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