Today, on May 29, a discussion on draft laws regarding venture funding took place at the National Investment Agency under the President of the Kyrgyz Republic. The event was attended by representatives of business associations, participants of the startup ecosystem, investors, and industry experts.
During the meeting, the draft law on "Venture Funding" of the Kyrgyz Republic, as well as initiatives to amend certain legal acts related to venture funding issues, were discussed. Additionally, the suggestions and opinions of the business community were considered.
"Currently, developing the innovative ecosystem, introducing new investment instruments, and attracting private capital are among the important directions for expanding the country's investment potential. Developing venture funding mechanisms facilitates support for startups, promotes technological entrepreneurship, and improves the investment environment."
— Ravshanbek Sabirov, head of the National Investment Agency under the President of the Kyrgyz Republic
Participants emphasized that the adoption of laws on venture funding would contribute to the development of the startup ecosystem, increase the transparency of the investment environment, and expand opportunities for attracting capital to innovative projects.
Special attention was also paid to the importance of state support, stating that introducing stimulating mechanisms and new instruments would positively impact the formation of the venture market in Kyrgyzstan.
Establishing a legal framework is an important step for the development of the venture ecosystem and increasing partners' interest.
— Daniel Abdildaev, investment director of the Accelerate Prosperity organization
At the end of the meeting, participants shared suggestions aimed at improving the draft laws, stating that these initiatives would contribute to the development of innovations, support technological entrepreneurship, and attract investments.