Baku: A new venture fund called “Tumar Ventures” has been established by the Innovation and Digital Development Agency (IDDA), said Taleh Karimli, Head of the Innovation Ecosystem Department of IDDA, at the award ceremony of the competition.

According to Azeri-Press News Agency, Karimli stated that “Tumar Ventures” is the third venture fund initiated by the agency. The establishment of this fund marks a continued effort by the IDDA to bolster innovation and digital development within Azerbaijan. The announcement was made during an event that highlighted the agency’s commitment to fostering an environment conducive to technological advancement and entrepreneurial growth.