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النهار أونلاين
Kousoub approves collective investment fund
The Committee for the Organization and Supervision of Stock Market Operations (COSOB) has approved the creation of a joint employment fund with risk capital (FCPR) called "The University Innovation and Startups Fund," with an initial capital of 280,354,200 Algerian Dinars. The fund aims to support companies and startup projects related to scientific and technological fields such as digitization, artificial intelligence, health, biotechnology, agriculture, energy, and industry—particularly those linked to the national university system—to foster growth, transform research into investment, and facilitate expansion. The fund will be managed by SIF-UA3, a company affiliated with the University of Algiers 3. This decision marks the second approval of a fund within the new financing framework and reflects the government's commitment to strengthening venture capital as an important means of financing high-potential projects and advancing innovation support programs in Algeria.
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