EBRD Director in Kazakhstan advises Kazakhstan's venture market to cooperate with China and Russia
This potential is very important for Kazakhstan's companies that export to Europe, China, and other states a lot easier. At the same time, the number of foreign companies in the country increases. We cannot escape it - here one can see a typical practical situation, it is whether we become stronger or there will be no place for us," said Preimanis.
It is not a problem to find investors or donors willing to provide 100 million dollars for investment in funds of venture capital. But the problem is to find the funds and venture companies which are ready to absorb. To this end, an ecosystem must be developed. Creation of contacts and joining of Kazakhstan's venture capital to China, Russia ones and others should be a priority. China is close, it is the country with the largest venture capital in terms of investment, innovations, and green economy. The most number of electronic cars are sold in China, more than in the USA following the past year. For instance, in the Baltic area, such an ecosystem has been established giving opportunities to quality funds and companies to appear. We are to do the same things in Kazakhstan," said the expert.
But, there are successful examples. In Ust-Kamenogorst there are the companies extracting polymetallic ores, a gold mine. They closely cooperate with local companies and are more ready to procure innovative products and services from these companies," said the head of the Bank.
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